ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Shares Shorted: Short Interest Down 38.3% in September

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 32,102 shares, a decline of 38.3% from the September 15th total of 52,042 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 8,253 shares, the short-interest ratio is presently 3.9 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of ZJK Industrial in a report on Friday, August 21st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

ZJK Industrial Price Performance

Shares of NASDAQ:ZJK opened at $1.84 on Friday. The stock’s 50-day simple moving average is $2.06 and its two-hundred day simple moving average is $2.18. ZJK Industrial has a 52-week low of $1.45 and a 52-week high of $4.05.

ZJK Industrial (NASDAQ:ZJK) last released its quarterly earnings results on Monday, September 21st. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $16.87 million for the quarter.

About ZJK Industrial

ZJK Industrial Co, Ltd. is a China-based manufacturer of precision industrial components. The company specializes in precision fasteners and other metal hardware products designed for use in applications that require tight tolerances and consistent manufacturing quality.

Its products are used across industrial and technology-related markets, including consumer electronics, telecommunications, automotive applications and other equipment manufacturing. ZJK Industrial provides component design, tooling, precision machining, stamping and related manufacturing services to support customer production requirements.

The company serves customers primarily through its manufacturing and sales operations in China, with products supplied to domestic and international markets.