ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Sees Significant Decrease in Short Interest

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

ZJK Industrial Stock Down 4.1%

Shares of ZJK stock traded down $0.07 during trading on Friday, hitting $1.76. The company had a trading volume of 5,303 shares, compared to its average volume of 6,850. The stock’s 50-day moving average is $2.06 and its two-hundred day 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 earnings results on Monday, September 21st. The company reported $0.04 earnings per share for the quarter. The company had revenue of $16.87 million during the quarter.

Analyst Upgrades and Downgrades

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

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.