ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Short Interest Down 41.6% in October

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 16,000 shares, a drop of 41.6% from the September 30th total of 27,400 shares. Based on an average daily trading volume, of 32,700 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 32,700 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of ZJK Industrial in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of ZJK Industrial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. purchased a new position in ZJK Industrial in the 1st quarter valued at approximately $223,000. Geode Capital Management LLC increased its stake in ZJK Industrial by 150.0% in the 2nd quarter. Geode Capital Management LLC now owns 42,267 shares of the company’s stock valued at $164,000 after purchasing an additional 25,362 shares in the last quarter. Howard Financial Services LTD. purchased a new position in ZJK Industrial in the 2nd quarter valued at approximately $49,000. Finally, State of Wyoming purchased a new position in ZJK Industrial in the 2nd quarter valued at approximately $31,000.

ZJK Industrial Stock Performance

NASDAQ:ZJK opened at $2.68 on Friday. The stock’s fifty day moving average is $3.38 and its two-hundred day moving average is $3.79. ZJK Industrial has a 52 week low of $2.46 and a 52 week high of $30.50.

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.