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

ZTE Co. (OTCMKTS:ZTCOF – Get Rating) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 574,300 shares, an increase of 36.3% from the June 30th total of 421,400 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 1,435.8 days.

ZTE Trading Down 0.5 %

Shares of OTCMKTS:ZTCOF opened at $2.18 on Monday. ZTE has a 52 week low of $1.71 and a 52 week high of $4.02. The company’s fifty day moving average is $2.19 and its 200 day moving average is $2.23.

ZTE Company Profile

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ZTE Corporation provides 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. The Carriers' Network segment provides wireless access, wireline access, bearer networks, core networks, telecommunication software systems and services, and other innovative technologies and product solutions.

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