Linkers Industries Limited (NASDAQ:LNKS) Short Interest Update

Linkers Industries Limited (NASDAQ:LNKS) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 38,009 shares, a drop of 57.4% from the December 31st total of 89,327 shares. Based on an average daily volume of 127,386 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 127,386 shares, the days-to-cover ratio is currently 0.3 days.

Linkers Industries Trading Down 16.7%

NASDAQ:LNKS traded down $0.22 on Friday, hitting $1.10. The stock had a trading volume of 2,719,206 shares, compared to its average volume of 2,140,979. Linkers Industries has a 1 year low of $0.27 and a 1 year high of $1.68. The firm’s fifty day simple moving average is $0.38 and its two-hundred day simple moving average is $0.46. The company has a current ratio of 4.72, a quick ratio of 3.74 and a debt-to-equity ratio of 0.02.

Wall Street Analysts Forecast Growth

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

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.