Linkers Industries Limited (NASDAQ:LNKS) Sees Significant Growth in Short Interest

Linkers Industries Limited (NASDAQ:LNKS) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 715,351 shares, a growth of 468.9% from the April 30th total of 125,740 shares. Currently, 44.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,147,876 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Linkers Industries to a “strong sell” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Linkers Industries Trading Down 2.2%

Shares of NASDAQ LNKS traded down $0.04 during mid-day trading on Friday, reaching $1.74. The company’s stock had a trading volume of 595,534 shares, compared to its average volume of 2,556,360. The stock has a 50-day moving average of $10.55 and a two-hundred day moving average of $106.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.69 and a quick ratio of 3.53. Linkers Industries has a 1-year low of $1.14 and a 1-year high of $420.00.

Linkers Industries (NASDAQ:LNKS) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($6.54) earnings per share (EPS) for the quarter. The company had revenue of $1.35 million for the quarter.

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.