Lonking Holdings Limited (OTCMKTS:LKHLY) Sees Significant Growth in Short Interest

Lonking Holdings Limited (OTCMKTS:LKHLY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 396 shares, an increase of 114.1% from the September 30th total of 185 shares. Based on an average daily trading volume, of 765 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Lonking to a “buy” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Lonking currently has a consensus rating of “Buy”.

Lonking Price Performance

Shares of LKHLY stock traded down $2.47 during mid-day trading on Friday, hitting $17.53. The company had a trading volume of 394 shares, compared to its average volume of 677. The stock’s 50 day moving average price is $19.55 and its 200-day moving average price is $18.48. Lonking has a 52-week low of $17.50 and a 52-week high of $23.00.

Lonking Company Profile

Lonking Holdings Limited is a China-based manufacturer of construction and material-handling equipment. The company’s product portfolio includes wheel loaders, excavators, forklifts, road rollers, and related machinery and components used in construction, infrastructure, mining, logistics, and other industrial applications.

Founded in 1993, Lonking has developed manufacturing and sales operations serving customers in China and international markets. Its equipment is marketed through a distribution and service network, with products designed for applications including earthmoving, road construction, materials handling, and general industrial use.

Lonking is headquartered in China and is listed on the Hong Kong Stock Exchange.