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

ZTE Co. (OTCMKTS:ZTCOF) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 7,989,816 shares, a drop of 38.3% from the May 31st total of 12,939,902 shares. Based on an average daily trading volume, of 5,968 shares, the short-interest ratio is presently 1,338.8 days.

ZTE Stock Performance

Shares of OTCMKTS:ZTCOF opened at $3.80 on Thursday. The firm has a fifty day moving average price of $3.23 and a 200 day moving average price of $3.38. ZTE has a fifty-two week low of $2.68 and a fifty-two week high of $5.45.

ZTE Company Profile

ZTE Corporation is a global provider of telecommunications equipment and systems, offering a wide array of network solutions, smartphones and enterprise products. Headquartered in Shenzhen, China, the company develops and supplies end-to-end information and communication technology (ICT) solutions to carriers, government and corporate clients around the world.

The company’s product portfolio spans wireless networks, access and bearer networks, core networks and transport systems. ZTE also produces consumer devices such as 4G/5G smartphones, home broadband gateways, enterprise routers and Internet of Things (IoT) modules.