ZK International Group Co., Ltd. (NASDAQ:ZKIN – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 37,461 shares, an increase of 60.9% from the August 15th total of 23,282 shares. Based on an average daily trading volume, of 27,481 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.8% of the company’s stock are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded shares of ZK International Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.
ZK International Group Stock Down 4.3%
ZK International Group (NASDAQ:ZKIN – Get Free Report) last released its earnings results on Friday, August 21st. The company reported ($0.45) EPS for the quarter. The business had revenue of $0.50 million during the quarter.
About ZK International Group
ZK International Group Co, Ltd. (“ZKIN”) is a China-based company specializing in the design, manufacture and sale of heating, ventilation and air-conditioning (HVAC) products along with building energy conservation and clean energy utilization systems. The company’s core offerings include terminal climate control products such as radiators, fan coil units and heat exchangers, as well as heating systems including electric boilers, heat pumps and solar water heaters. ZKIN’s integrated solutions are designed to improve energy efficiency in residential, commercial and industrial settings.
In addition to its terminal climate control and heating product lines, ZKIN develops clean energy utilization systems that leverage solar thermal technology and thermal storage to reduce reliance on fossil fuels.
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