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

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) was the recipient of a large increase in short interest in 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 trading volume of 278,317 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 issued a Sell rating to the stock. Based on data from MarketBeat, ZJK Industrial presently has an average rating of “Reduce”.

ZJK Industrial Stock Performance

ZJK stock opened at $2.16 on Friday. The stock’s 50 day moving average is $1.97 and its 200-day moving average is $2.16. ZJK Industrial has a twelve month low of $1.45 and a twelve month high of $4.10.

Institutional Inflows and Outflows

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

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.