(NYSE:ZX) shares saw heavy trading volume with 33K shares changing hands in the last trading session. Overall, volume was up 71.05% over the stocks normal daily volume.
Short traders are feeling a little more bearish lately considering the rise in short interest. The firm recorded a rise in short interest between September 29, 2017 and October 13, 2017 of 4.16%. Short interest increased 425 over that timeframe. The days to cover decreased to 1.0 and the short interest percentage is 0.00% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (ZX). Citadel Advisors LLC downsized its stake by shedding 10,262 shares a decrease of 42.7%. Citadel Advisors LLC claims 13,766 shares worth $22,000. The value of the position overall is down by 24.1%. As of the end of the quarter Morgan Stanley had sold a total of 983 shares trimming its holdings by 90.8%. The value of the investment in China Zenix Auto International decreased from $2,000 to $0 decreasing 100.0% for the reporting period.
As of quarter end Renaissance Technologies LLC had acquired 37,240 shares growing its stake by 34.2%. The value of the total investment in China Zenix Auto International went from $166,000 to $260,000 a change of $94,000 quarter over quarter. As of quarter end Ubs Group Ag had disposed of 4,584 shares trimming its position 98.9%. The value of the investment in (ZX) went from $7,000 to $0 a change of 100.0% quarter to quarter.
The company is now up from yesterday’s close of $1.21. The stock last traded at $1.21 a tad under the 50 day moving average which is $1.31 and quite a bit below the 200 day moving average of $1.59. The 50 day moving average went down by -7.5042% and the 200 day average went down by -23.8194%.
China Zenix Auto International Limited, launched on July 11, 2008, is a commercial vehicle wheel manufacturer in both the aftermarket and original equipment manufacturer (OEM) markets in People’s Republic of China (PRC). The Company designs, manufactures and sells steel wheels that are used by various commercial vehicles. The Company operates in three segments: PRC OEM sales, PRC aftermarket sales and international sales. The PRC OEM sales segment includes production and sales of steel and aluminum wheels to vehicle manufacturers in the PRC. The PRC aftermarket sales segment includes the production and sales of steel and aluminum wheels to distributors in the PRC. The International sales segment includes the production and sales of steel wheels to distributors and vehicle manufacturers outside the PRC. The Company offers over 710 series of tubed steel wheels (which are used for commercial vehicles using tires that contain a rubber inner tube), tubeless steel wheels (which are used for commercial vehicles using tubeless tires) and off-road steel wheels (which are used for construction and other types of off-road vehicles). The Company also sells its wheel components, such as wheel discs to distributors for use in the aftermarket in the PRC and internationally..