Luokung Technology Corp. (NASDAQ:LKCO) Sees Significant Decline in Short Interest


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Luokung Technology Corp. (NASDAQ:LKCO) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 141,600 shares, a drop of 74.3% from the December 15th total of 550,000 shares. Based on an average daily volume of 1,470,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Shares of NASDAQ:LKCO traded up $0.01 during trading on Wednesday, hitting $0.84. The stock had a trading volume of 76,832 shares, compared to its average volume of 2,644,660. Luokung Technology has a 12-month low of $0.34 and a 12-month high of $1.44. The business’s 50-day moving average price is $0.65.

About Luokung Technology

Luokung Technology Corp., through its subsidiaries, provides location-based services and mobile application products for long distance travelers in the People's Republic of China. It offers Luokuang mobile application, a content and service distribution platform that provides content and services, such as information, entertainment, travel, e-commerce, online to offline, advertisement, and other marketing features.

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