Short Interest in Linkers Industries Limited (NASDAQ:LNKS) Grows By 66.2%

Linkers Industries Limited (NASDAQ:LNKS) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 215,891 shares, an increase of 66.2% from the February 26th total of 129,927 shares. Based on an average daily trading volume, of 703,820 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.6% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Linkers Industries in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Linkers Industries currently has an average rating of “Sell”.

Linkers Industries Price Performance

Linkers Industries stock traded down $0.00 during mid-day trading on Friday, reaching $0.02. 231,776,557 shares of the company traded hands, compared to its average volume of 25,376,811. The firm’s fifty day moving average is $0.87 and its two-hundred day moving average is $0.58. Linkers Industries has a fifty-two week low of $0.02 and a fifty-two 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.

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.