Linkers Industries Limited (NASDAQ:LNKS) Short Interest Up 351.2% in December

Linkers Industries Limited (NASDAQ:LNKS) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 89,327 shares, an increase of 351.2% from the December 15th total of 19,796 shares. Based on an average daily trading volume, of 1,254,010 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,254,010 shares, the days-to-cover ratio is presently 0.1 days.

Linkers Industries Price Performance

LNKS stock traded down $0.02 during trading on Wednesday, hitting $0.32. The company had a trading volume of 37,971 shares, compared to its average volume of 92,662. The company has a fifty day moving average price of $0.35 and a two-hundred day moving average price of $0.46. Linkers Industries has a fifty-two week low of $0.27 and a fifty-two week high of $1.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.72 and a quick ratio of 3.74.

Wall Street Analysts Forecast Growth

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

About Linkers Industries

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.