Short Interest in Linkers Industries Limited (NASDAQ:LNKS) Expands By 530.3%

Linkers Industries Limited (NASDAQ:LNKS) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 239,577 shares, a growth of 530.3% from the January 15th total of 38,009 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 4,407,741 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 4,407,741 shares, the short-interest ratio is currently 0.1 days. Currently, 1.8% of the shares of the company are sold short.

Analyst Ratings Changes

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

Linkers Industries Stock Down 6.6%

LNKS traded down $0.09 during trading on Wednesday, reaching $1.21. The stock had a trading volume of 84,933 shares, compared to its average volume of 1,732,643. The stock has a 50 day moving average of $0.50 and a two-hundred day moving average of $0.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.74 and a current ratio of 4.72. Linkers Industries has a 1-year low of $0.27 and a 1-year high of $1.68.

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.