Linkers Industries Limited (NASDAQ:LNKS) Short Interest Up 66.2% in March
by Doug Wharley · The Cerbat GemLinkers Industries Limited (NASDAQ:LNKS – Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 215,891 shares, a growth of 66.2% from the February 26th total of 129,927 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 703,820 shares, the short-interest ratio is currently 0.3 days.
Linkers Industries Stock Down 19.6%
Shares of Linkers Industries stock traded down $0.00 during trading on Friday, hitting $0.02. 231,776,557 shares of the company’s stock were exchanged, compared to its average volume of 25,376,811. The business has a 50-day simple moving average of $0.87 and a 200-day simple moving average of $0.58. Linkers Industries has a 52-week low of $0.02 and a 52-week high of $1.68. The company has a current ratio of 4.72, a quick ratio of 3.74 and a debt-to-equity ratio of 0.02.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Linkers Industries in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.
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Linkers Industries Company Profile
Linkers Industries Ltd. is a holding company, which engages in the business of manufacturing, supplying, and selling connectors, assemblies, wire, and cable harnesses. It operates through the following geographical segments: Thailand, Malaysia, Switzerland, the United States of America, and Others. The company was founded on December 8, 2022 and is headquartered in Sungai Petani, Malaysia.