Linkers Industries Limited (NASDAQ:LNKS) Short Interest Down 57.4% in January

by · The Markets Daily

Linkers Industries Limited (NASDAQ:LNKS – Get Free Report) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 38,009 shares, a drop of 57.4% from the December 31st total of 89,327 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 127,386 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 127,386 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Linkers Industries in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Linkers Industries has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on Linkers Industries

Linkers Industries Price Performance

NASDAQ:LNKS traded up $0.55 during mid-day trading on Thursday, hitting $1.32. 5,568,760 shares of the stock traded hands, compared to its average volume of 2,247,578. The business’s 50-day moving average price is $0.35 and its 200 day moving average price is $0.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.72 and a quick ratio of 3.74. Linkers Industries has a 12-month low of $0.27 and a 12-month high of $1.34.

About Linkers Industries

(Get Free Report)

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.

See Also