Li Bang International Corporation Inc. (NASDAQ:LBGJ) Sees Large Growth in Short Interest

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 1,286,798 shares, an increase of 1,769.7% from the February 26th total of 68,824 shares. Based on an average daily volume of 12,551,692 shares, the days-to-cover ratio is currently 0.1 days. Currently, 38.9% of the company’s stock are sold short. Currently, 38.9% of the company’s stock are sold short. Based on an average daily volume of 12,551,692 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Li Bang International in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Li Bang International Stock Down 22.2%

NASDAQ LBGJ traded down $0.01 during trading hours on Tuesday, reaching $0.02. 110,852,321 shares of the company traded hands, compared to its average volume of 58,459,244. The company has a current ratio of 1.18, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. Li Bang International has a 12 month low of $0.02 and a 12 month high of $2.00. The company has a 50 day moving average of $0.55 and a two-hundred day moving average of $0.68.

About Li Bang International

Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Li Bang International Corporation Inc is based in Jiangyin, China.