ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Short Interest Update

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 84,900 shares, an increase of 360.0% from the August 15th total of 18,458 shares. Based on an average daily volume of 278,317 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On ZJK Industrial

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of ZJK Industrial by 150.0% during the second quarter. Geode Capital Management LLC now owns 42,267 shares of the company’s stock worth $164,000 after purchasing an additional 25,362 shares during the period. State of Wyoming purchased a new position in ZJK Industrial in the 2nd quarter valued at $31,000. Citadel Advisors LLC acquired a new position in ZJK Industrial in the 3rd quarter valued at $52,000. Jane Street Group LLC acquired a new position in ZJK Industrial in the 4th quarter valued at $26,000. Finally, Millennium Management LLC purchased a new position in ZJK Industrial during the 4th quarter worth $52,000.

ZJK Industrial Stock Up 5.6%

ZJK opened at $2.28 on Friday. ZJK Industrial has a 52 week low of $1.45 and a 52 week high of $4.05. The business has a 50 day moving average price of $1.98 and a two-hundred day moving average price of $2.16.

Analyst Upgrades and Downgrades

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

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.