ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Short Interest Update

Key Points

• ZJK Industrial Co., Ltd. experienced a significant drop in short interest in September, with a reduction of 41.6% from August, totaling 68,500 shares sold short.
• Current stock price is around $3.27, with a 12-month high of $30.50 and a low of $2.46.
• Weiss Ratings reaffirmed a sell (d-) rating on ZJK Industrial, indicating a consensus outlook on the stock as negative.

ZJK Industrial Co., Ltd. (NASDAQ:ZJK - Get Free Report) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 68,500 shares, a decrease of 41.6% from the August 31st total of 117,300 shares. Based on an average daily trading volume, of 50,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.4% of the shares of the company are sold short. Approximately 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 50,000 shares, the days-to-cover ratio is currently 1.4 days.

ZJK Industrial Price Performance

Shares of ZJK opened at $3.27 on Friday. The firm's fifty day simple moving average is $3.45 and its two-hundred day simple moving average is $4.01. ZJK Industrial has a 12 month low of $2.46 and a 12 month high of $30.50.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of ZJK Industrial in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Invesco Ltd. purchased a new position in ZJK Industrial in the first quarter valued at about $223,000. Howard Financial Services LTD. bought a new stake in shares of ZJK Industrial in the 2nd quarter worth approximately $49,000. Geode Capital Management LLC lifted its stake in ZJK Industrial by 150.0% in the second quarter. Geode Capital Management LLC now owns 42,267 shares of the company's stock valued at $164,000 after purchasing an additional 25,362 shares during the last quarter. Finally, State of Wyoming bought a new position in ZJK Industrial during the second quarter valued at $31,000.

ZJK Industrial Company Profile

ZJK Industrial Co Ltd. is a high-tech enterprise specialized in manufacturing and sale of precision fasteners, structural parts and other precision metal parts products applied in a variety of industries, including intelligent electronic equipment, new energy vehicles, aerospace, energy storage systems and liquid cooling systems used in artificial intelligence supercomputers.

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