Lonking Holdings Limited (OTCMKTS:LKHLY – Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 155 shares, a growth of 1,450.0% from the August 31st total of 10 shares. Based on an average daily volume of 145 shares, the short-interest ratio is currently 1.1 days.
Lonking Price Performance
LKHLY remained flat at $20.45 during mid-day trading on Thursday. The business’s fifty day moving average is $18.66 and its 200-day moving average is $18.33. Lonking has a twelve month low of $18.15 and a twelve month high of $23.00.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised shares of Lonking to a “buy” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.
About Lonking
Lonking Holdings Limited, trading as OTCMKTS:LKHLY, is a China-based manufacturer and distributor of construction and material handling equipment. Headquartered in Longyan, Fujian Province, the company specializes in the design, development and production of heavy machinery used across infrastructure, mining, agriculture and logistics sectors. Lonking’s product lineup encompasses wheel loaders, excavators, forklift trucks, motor graders, road rollers and related attachments, supported by in-house research and development centers and quality control laboratories.
Founded in 1993, Lonking has grown from a domestic OEM supplier into one of China’s leading construction-equipment brands.
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