ZTE Co. (OTCMKTS:ZTCOF – Get Free Report) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,448,600 shares, a drop of 30.5% from the October 31st total of 2,083,200 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 2,069.4 days.
ZTE Stock Performance
ZTE stock opened at $2.70 on Friday. The firm has a 50 day simple moving average of $2.49 and a 200 day simple moving average of $2.24. ZTE has a 1-year low of $1.74 and a 1-year high of $3.50.
ZTE (OTCMKTS:ZTCOF – Get Free Report) last announced its quarterly earnings results on Wednesday, September 11th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $4.41 billion during the quarter.
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.
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