Lonking Holdings Limited (OTCMKTS:LKHLY) Stock Short Interest Report for October

Lonking Holdings Limited (OTCMKTS:LKHLY) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 396 shares, an increase of 114.1% from the September 30th total of 185 shares. Based on an average trading volume of 765 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Lonking to a “buy” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Lonking Stock Performance

OTCMKTS:LKHLY opened at $20.00 on Friday. The company’s 50-day moving average is $19.56 and its two-hundred day moving average is $18.48. Lonking has a 1-year low of $17.50 and a 1-year high of $23.00.

Lonking Company Profile

Lonking Holdings Limited is a China-based manufacturer of construction and material-handling equipment. The company’s product portfolio includes wheel loaders, excavators, forklifts, road rollers, and related machinery and components used in construction, infrastructure, mining, logistics, and other industrial applications.

Founded in 1993, Lonking has developed manufacturing and sales operations serving customers in China and international markets. Its equipment is marketed through a distribution and service network, with products designed for applications including earthmoving, road construction, materials handling, and general industrial use.

Lonking is headquartered in China and is listed on the Hong Kong Stock Exchange.