Linkers Industries Limited (NASDAQ:LNKS) Short Interest Update

Linkers Industries Limited (NASDAQ:LNKS) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 19,796 shares, a drop of 33.4% from the November 30th total of 29,706 shares. Based on an average daily trading volume, of 25,435 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 25,435 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Linkers Industries in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Linkers Industries Trading Down 6.2%

Linkers Industries stock traded down $0.02 during mid-day trading on Monday, reaching $0.34. 484,707 shares of the company were exchanged, compared to its average volume of 669,762. The company has a fifty day simple moving average of $0.39 and a 200-day simple moving average of $0.48. Linkers Industries has a 12 month low of $0.27 and a 12 month high of $2.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.72 and a quick ratio of 3.74.

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.