Li Bang International Corporation Inc. (NASDAQ:LBGJ) Stock Short Interest Report for September

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 59,426 shares, a decline of 50.2% from the September 15th total of 119,232 shares. Currently, 8.4% of the shares of the company are short sold. Based on an average daily volume of 108,090 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

LBGJ has been the topic of a number of research reports. Wall Street Zen upgraded shares of Li Bang International to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings downgraded shares of Li Bang International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Li Bang International Price Performance

Shares of LBGJ traded down $0.10 during mid-day trading on Friday, hitting $1.52. 38,925 shares of the company’s stock were exchanged, compared to its average volume of 253,182. Li Bang International has a fifty-two week low of $1.29 and a fifty-two week high of $25,400.00. The business’s 50 day moving average is $2.44 and its two-hundred day moving average is $124.97.

Insider Activity at Li Bang International

In other news, Director Funa Li bought 15,088 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $3.40 per share, with a total value of $51,299.20. Following the transaction, the director directly owned 15,220 shares in the company, valued at $51,748. This trade represents a 11,430.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Feng Huang purchased 73,147 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average price of $3.40 per share, for a total transaction of $248,699.80. Following the purchase, the chief executive officer directly owned 73,788 shares in the company, valued at $250,879.20. The trade was a 11,411.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 93,578 shares of company stock valued at $332,057 in the last three months.

Li Bang International Company Profile

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.