Short Interest in Linkers Industries Limited (NASDAQ:LNKS) Decreases By 32.8%

by · The Markets Daily

Linkers Industries Limited (NASDAQ:LNKS – Get Free Report) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 161,100 shares, a decrease of 32.8% from the January 29th total of 239,577 shares. Based on an average daily volume of 337,186 shares, the short-interest ratio is presently 0.5 days. Currently, 1.2% of the shares of the company are sold short. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 337,186 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

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

View Our Latest Stock Report on LNKS

Linkers Industries Stock Performance

Shares of LNKS traded down $0.01 during trading on Friday, reaching $1.18. 67,674 shares of the company traded hands, compared to its average volume of 343,704. The stock has a 50-day simple moving average of $0.72 and a 200-day simple moving average of $0.55. Linkers Industries has a twelve month low of $0.27 and a twelve month high of $1.68. 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 Company Profile

(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.

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