Luokung Technology Corp. (NASDAQ:LKCO) Short Interest Up 202.8% in January

Luokung Technology Corp. (NASDAQ:LKCO) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 130,200 shares, a growth of 202.8% from the December 31st total of 43,000 shares. Based on an average daily trading volume, of 79,000 shares, the short-interest ratio is presently 1.6 days. Approximately 6.9% of the shares of the company are short sold.

Luokung Technology Stock Performance

LKCO stock traded down $0.04 during mid-day trading on Wednesday, hitting $1.88. The company had a trading volume of 28,005 shares, compared to its average volume of 36,539. Luokung Technology has a 12 month low of $1.43 and a 12 month high of $8.00. The stock’s fifty day moving average price is $1.80 and its two-hundred day moving average price is $2.98.

Luokung Technology Company Profile

Luokung Technology Corp., together with its subsidiaries, engages in the provision of location-based services and mobile application products for long distance rail travelers in the People’s Republic of China. It offers Luokuang mobile application, which provides business to customer (B2C) location-based services; and SuperEngine that offers business to business (B2B) and business to government (B2G) services in connection with spatial-temporal big data processing.