ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Short Interest Up 360.0% in August

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 84,900 shares, a growth of 360.0% from the August 15th total of 18,458 shares. Based on an average trading volume of 278,317 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC purchased a new position in shares of ZJK Industrial in the fourth quarter worth $52,000. Citadel Advisors LLC purchased a new stake in ZJK Industrial during the 3rd quarter valued at $52,000. Geode Capital Management LLC grew its holdings in ZJK Industrial by 150.0% in the 2nd quarter. Geode Capital Management LLC now owns 42,267 shares of the company’s stock worth $164,000 after acquiring an additional 25,362 shares during the last quarter. State of Wyoming bought a new stake in ZJK Industrial in the 2nd quarter worth $31,000. Finally, Jane Street Group LLC bought a new stake in ZJK Industrial in the 4th quarter worth $26,000.

ZJK Industrial Stock Down 1.8%

Shares of ZJK Industrial stock opened at $2.16 on Friday. The business’s 50 day simple moving average is $1.97 and its two-hundred day simple moving average is $2.16. ZJK Industrial has a one year low of $1.45 and a one year high of $4.10.

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. ZJK Industrial Co Ltd. is based in Shenzhen, China.