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

ZTE Co. (OTCMKTS:ZTCOF) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 5,944,400 shares, a growth of 171.5% from the February 28th total of 2,189,200 shares. Based on an average daily trading volume, of 51,500 shares, the days-to-cover ratio is presently 115.4 days.

ZTE Price Performance

Shares of OTCMKTS:ZTCOF opened at $3.27 on Friday. ZTE has a 12-month low of $1.82 and a 12-month high of $4.10. The stock’s 50-day moving average price is $3.55 and its two-hundred day moving average price is $2.80.

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.