Linkers Industries Limited (NASDAQ:LNKS) Sees Large Growth in Short Interest

Linkers Industries Limited (NASDAQ:LNKS) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 97,200 shares, an increase of 308.4% from the September 30th total of 23,800 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 1,100,000 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 1,100,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.7% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Linkers Industries in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Linkers Industries currently has a consensus rating of “Sell”.

Linkers Industries Stock Up 2.6%

Shares of NASDAQ LNKS opened at $0.51 on Friday. Linkers Industries has a one year low of $0.40 and a one year high of $10.27. The company has a current ratio of 4.72, a quick ratio of 3.74 and a debt-to-equity ratio of 0.02. The firm’s 50 day simple moving average is $0.52 and its two-hundred day simple moving average is $0.55.

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.