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

ZTE Co. (OTCMKTS:ZTCOF) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 3,632,600 shares, a growth of 121.8% from the December 31st total of 1,638,000 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is currently 1,397.2 days.

ZTE Stock Down 1.5 %

Shares of OTCMKTS ZTCOF traded down $0.05 during trading on Thursday, hitting $3.35. The company had a trading volume of 4,400 shares, compared to its average volume of 11,729. ZTE has a 12 month low of $1.74 and a 12 month high of $3.50. The stock has a 50 day simple moving average of $2.64 and a 200 day simple moving average of $2.38.

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.