Li Bang International Corporation Inc. (NASDAQ:LBGJ) Short Interest Up 1,206.7% in July

Li Bang International Corporation Inc. (NASDAQ:LBGJ) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 903,158 shares, an increase of 1,206.7% from the July 15th total of 69,119 shares. Based on an average trading volume of 179,785,405 shares, the short-interest ratio is currently 0.0 days. Currently, 9,031.6% of the shares of the stock are sold short.

Li Bang International Trading Up 1.3%

Shares of Li Bang International stock opened at $3.13 on Thursday. The business’s 50 day simple moving average is $168.46 and its 200 day simple moving average is $3,292.11. Li Bang International has a 52-week low of $2.86 and a 52-week high of $35,400.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07.

Li Bang International (NASDAQ:LBGJ) last released its earnings results on Wednesday, May 13th. The company reported ($257.00) earnings per share (EPS) for the quarter. The company had revenue of $3.14 million during the quarter.

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 5,430 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $6.00, for a total value of $32,580.00. Following the completion of the transaction, the insider owned 743 shares in the company, valued at $4,458. The trade was a 87.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Wall Street Analysts Forecast Growth

LBGJ has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. Wall Street Zen raised Li Bang International to a “sell” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Li Bang International Company Profile

Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Li Bang International Corporation Inc is based in Jiangyin, China.