ZTE Co. (OTCMKTS:ZTCOF) Sees Significant Growth in Short Interest

ZTE Co. (OTCMKTS:ZTCOF) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 5,944,400 shares, an increase of 171.5% from the February 28th total of 2,189,200 shares. Based on an average daily volume of 51,500 shares, the short-interest ratio is currently 115.4 days.

ZTE Stock Down 2.4 %

ZTCOF stock opened at $3.27 on Friday. The stock’s 50 day moving average price is $3.55 and its 200 day moving average price is $2.80. ZTE has a 1 year low of $1.82 and a 1 year high of $4.10.

About ZTE

ZTE Corporation engages in the provision of integrated communication information solutions in the People's Republic of China, rest of Asia, Africa, Europe, the United States, and Oceania. It operates through three segments: Carriers' Networks, Government and Corporate Business, and Consumer Business.