ZTE Co. (OTCMKTS:ZTCOF) Sees Large Decline in Short Interest

ZTE Co. (OTCMKTS:ZTCOF) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,638,000 shares, a decline of 46.1% from the December 15th total of 3,040,000 shares. Based on an average trading volume of 600 shares, the short-interest ratio is presently 2,730.0 days.

ZTE Price Performance

ZTCOF stock opened at $2.72 on Wednesday. The company’s 50-day moving average is $2.48 and its 200-day moving average is $2.30. ZTE has a 1 year low of $1.74 and a 1 year high of $3.50.

About ZTE

ZTE Corporation engages in the provision of integrated communication information solutions in the People's Republic of China, rest of Asia, Africa, Europe, the United States, and Oceania. It operates through three segments: Carriers' Networks, Government and Corporate Business, and Consumer Business.