Short Interest in Li Bang International Corporation Inc. (NASDAQ:LBGJ) Declines By 35.3%

Li Bang International Corporation Inc. (NASDAQ:LBGJ – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 92,760 shares, a decrease of 35.3% from the June 15th total of 143,285 shares. Approximately 7.5% of the company’s shares are short sold. Based on an average daily volume of 94,485 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Li Bang International to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Li Bang International in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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Li Bang International Stock Up 9.4%

Shares of LBGJ traded up $0.20 during trading hours on Friday, reaching $2.40. The stock had a trading volume of 625,375 shares, compared to its average volume of 426,634. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07. Li Bang International has a 52 week low of $0.75 and a 52 week high of $177.00. The firm has a 50-day moving average of $1.14 and a 200 day moving average of $25.64.

Li Bang International (NASDAQ:LBGJ – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($1.28) EPS for the quarter. The company had revenue of $3.14 million during the quarter.

About Li Bang International

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Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Li Bang International Corporation Inc is based in Jiangyin, China.

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