ZTE Co. (OTCMKTS:ZTCOF) Sees Large Decrease in Short Interest

ZTE Co. (OTCMKTS:ZTCOF) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,871,800 shares, a decline of 35.3% from the September 30th total of 4,439,200 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is currently 1,025.6 days. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is currently 1,025.6 days.

ZTE Stock Performance

ZTCOF opened at $5.45 on Friday. The business has a fifty day simple moving average of $4.61 and a 200 day simple moving average of $3.47. ZTE has a 1 year low of $1.98 and a 1 year high of $5.45.

ZTE Company Profile

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.