ZK International Group CO Ltd – Ordinary Share (NASDAQ:ZKIN) Stock Is Shorted More

The stock of ZK International Group CO Ltd – Ordinary Share (NASDAQ:ZKIN) registered an increase of 2.93% in short interest. ZKIN’s total short interest was 316,300 shares in September as published by FINRA. Its up 2.93% from 307,300 shares, reported previously. With 200,800 shares average volume, it will take short sellers 2 days to cover their ZKIN’s short positions. The short interest to ZK International Group CO Ltd – Ordinary Share’s float is 11.14%.

The stock increased 3.53% or $0.06 during the last trading session, reaching $1.76. About 180,937 shares traded or 108.57% up from the average. ZK International Group Co., Ltd. (NASDAQ:ZKIN) has declined 66.13% since September 11, 2018 and is downtrending. It has underperformed by 66.13% the S&P500.

ZK International Group Co., Ltd., together with its subsidiaries, designs, produces, and sells double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in China. The company has market cap of $29.14 million. The firm offers steel strips, steel pipes, and light gauge stainless steel pipes, as well as pipe connections and fittings, such as couplings, adapters, unions, caps, plug pipes, elbows, three-way fittings, tees, cross, side-inlet elbows, wyes, reducers, bushings, couplings, pipe fasteners, and pipe flanges. It has a 3.45 P/E ratio. The Company’s products are used in a range of applications, including water and gas transmission within urban infrastructural development, residential housing development, food and beverage production, gas and oil exploitation, and agricultural irrigation.

More notable recent ZK International Group Co., Ltd. (NASDAQ:ZKIN) news were published by: Prnewswire.com which released: “ZK International & XSigma Adopt Pioneering New Technology to Revolutionize its Manufacturing Capabilities – PR Newswire” on June 21, 2018, also Seekingalpha.com with their article: “BB, VJET and KMX among premarket gainers – Seeking Alpha” published on March 29, 2019, Benzinga.com published: “New 52-Week Lows For Monday Morning – Benzinga” on August 05, 2019. More interesting news about ZK International Group Co., Ltd. (NASDAQ:ZKIN) were released by: Prnewswire.com and their article: “ZK International Accepts Bitcoin Investment for Restricted Stock from Layla Dong, Founder of Blockshine Technology Corporation – PR Newswire” published on January 10, 2018 as well as Prnewswire.com‘s news article titled: “ZK International Group Co., Ltd., Announces Closings of Initial Public Offering and Listing on NASDAQ Under the Symbol ‘ZKIN’ Starting on September 1, 2017 – PR Newswire” with publication date: August 30, 2017.

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