Short Interest in Linkers Industries Limited (NASDAQ:LNKS) Decreases By 49.3%

Linkers Industries Limited (NASDAQ:LNKS) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 362,878 shares, a drop of 49.3% from the May 14th total of 715,351 shares. Approximately 22.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,788,645 shares, the days-to-cover ratio is presently 0.2 days.

Linkers Industries Stock Performance

Linkers Industries stock traded up $0.09 during trading hours on Monday, hitting $1.66. The stock had a trading volume of 103,182 shares, compared to its average volume of 939,445. 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 has a one year low of $1.14 and a one year high of $420.00. The business’s 50 day simple moving average is $1.70 and its 200-day simple moving average is $100.28.

Linkers Industries (NASDAQ:LNKS) last posted its earnings results on Wednesday, April 29th. The company reported ($6.54) EPS for the quarter. The business had revenue of $1.35 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.