Linkers Industries Limited (NASDAQ:LNKS) Short Interest Update

Linkers Industries Limited (NASDAQ:LNKS) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 11,158 shares, a growth of 51.0% from the July 30th total of 7,390 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 422,645 shares, the short-interest ratio is currently 0.0 days.

Insider Buying and Selling

In other Linkers Industries news, major shareholder Financial Lp Hrt bought 32,502 shares of the stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average cost of $2.34 per share, with a total value of $76,054.68. Following the completion of the transaction, the insider directly owned 159,782 shares of the company’s stock, valued at $373,889.88. This represents a 25.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 56,996 shares of company stock worth $120,937 and have sold 37,222 shares worth $57,325.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LNKS. Wall Street Zen raised Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Linkers Industries in a report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Linkers Industries Trading Up 0.2%

Shares of LNKS stock traded up $0.00 during mid-day trading on Tuesday, reaching $0.81. The stock had a trading volume of 2,813 shares, compared to its average volume of 1,174,707. Linkers Industries has a one year low of $0.76 and a one year high of $420.00. The firm’s 50 day simple moving average is $1.27 and its 200 day simple moving average is $54.13. 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 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.