ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Shares Shorted: Short Interest Down 38.7% in September

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 52,042 shares, a decline of 38.7% from the August 31st total of 84,900 shares. Based on an average trading volume of 14,697 shares, the days-to-cover ratio is presently 3.5 days. Currently, 0.1% of the company’s shares are short sold.

ZJK Industrial Stock Down 0.5%

Shares of ZJK stock opened at $2.01 on Friday. The firm has a 50 day moving average of $2.02 and a 200-day moving average of $2.19. ZJK Industrial has a 52 week low of $1.45 and a 52 week high of $4.05.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ZJK Industrial in a research note on Friday, August 21st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce”.

ZJK Industrial Company Profile

ZJK Industrial Co, Ltd. is a China-based manufacturer of precision metal components and fasteners. Its products include customized screws, nuts, bolts and other small precision parts designed for use in industrial and consumer applications.

The company serves customers that require engineered fastening and metal-component solutions, including businesses in the electronics, telecommunications, automotive and other manufacturing industries. Its activities generally include product design, tooling, precision machining, production and related quality-control services.

ZJK Industrial supplies customers in China and international markets.