ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Stock Short Interest Report for October

Key Points

• Short interest fell 35.8% in October to 20,609 shares from 32,102 shares, representing approximately 0.0% of outstanding shares and 3.3 days to cover.
• ZJK Industrial holds a generally negative analyst view: one analyst rated the stock Hold and another Sell, resulting in an average MarketBeat rating of “Reduce.”
• The stock opened at $1.39, near its one-year low of $1.36 and well below its 52-week high of $4.05. In its latest quarter, the company reported $0.04 in EPS on $16.87 million in revenue.

ZJK Industrial Co., Ltd. (NASDAQ:ZJK - Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 20,609 shares, a decline of 35.8% from the September 30th total of 32,102 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,301 shares, the days-to-cover ratio is presently 3.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of ZJK Industrial in a research note on Friday, August 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce".

ZJK Industrial Price Performance

NASDAQ ZJK opened at $1.39 on Monday. ZJK Industrial has a one year low of $1.36 and a one year high of $4.05. The business has a fifty day moving average price of $2.01 and a 200 day moving average price of $2.09.

ZJK Industrial (NASDAQ:ZJK - Get Free Report) last released its quarterly earnings data on Monday, September 21st. The company reported $0.04 EPS for the quarter. The business had revenue of $16.87 million during the quarter.

About ZJK Industrial

ZJK Industrial Co, Ltd. is a China-based manufacturer of precision metal components and fastening products. The company develops and produces items such as screws, nuts, bolts, washers and other customized hardware used in industrial and commercial applications.

Its manufacturing capabilities include tooling and mold development, precision stamping, CNC machining, surface treatment and component assembly. These services allow ZJK Industrial to provide customized parts and integrated production support for customers that require specialized metal components.

ZJK Industrial serves customers through its operations in China and supplies products for applications that may include electronics, automotive and other industrial equipment.

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