Lonking Holdings Ltd. (OTCMKTS:LONKF – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 136,000 shares, a decrease of 64.0% from the August 15th total of 378,000 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 82 shares, the short-interest ratio is currently 1,658.5 days.
Lonking Price Performance
OTCMKTS:LONKF remained flat at $0.39 during mid-day trading on Friday. The company’s fifty day moving average price is $0.37 and its two-hundred day moving average price is $0.36. Lonking has a 12-month low of $0.36 and a 12-month high of $0.39.
About Lonking
Lonking Holdings Limited is a Chinese manufacturer of construction machinery and related equipment. The company designs, produces and sells machinery used in construction, infrastructure development, mining, logistics and other industrial applications.
Its product portfolio includes wheel loaders, excavators, forklift trucks, road rollers, motor graders and other construction equipment. Lonking also manufactures selected components and provides related support services for its machinery products.
Founded in 1993, Lonking serves customers in China and markets outside the country through its sales and distribution network.
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