Short Interest in Linkers Industries Limited (NASDAQ:LNKS) Declines By 81.7%

Linkers Industries Limited (NASDAQ:LNKS) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 11,684 shares, a decline of 81.7% from the June 15th total of 63,818 shares. Based on an average trading volume of 8,204,767 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.7% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LNKS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Linkers Industries in a research report on Monday. Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Insider Buying and Selling at Linkers Industries

In other Linkers Industries news, major shareholder Financial Lp Hrt bought 32,502 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of $2.34 per share, for a total transaction of $76,054.68. Following the acquisition, the insider directly owned 159,782 shares of the company’s stock, valued at approximately $373,889.88. This trade represents a 25.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders bought 49,151 shares of company stock valued at $109,562 and sold 37,222 shares valued at $57,325.

Linkers Industries Stock Performance

LNKS traded down $0.01 during trading on Friday, reaching $1.42. 35,818 shares of the stock traded hands, compared to its average volume of 4,242,759. Linkers Industries has a fifty-two week low of $1.14 and a fifty-two week high of $420.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.69 and a quick ratio of 3.53. The stock’s 50-day simple moving average is $1.67 and its two-hundred day simple moving average is $89.09.

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

About Linkers Industries

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.