Linkers Industries Limited (NASDAQ:LNKS – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 11,158 shares, a growth of 51.0% from the July 30th total of 7,390 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 422,645 shares, the days-to-cover ratio is presently 0.0 days.
Analyst Upgrades and Downgrades
A number of research firms recently commented on LNKS. Wall Street Zen raised shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Linkers Industries in a research note on Monday, July 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Analysis on LNKS
Linkers Industries Stock Up 2.3%
Insider Transactions at Linkers Industries
In related news, major shareholder Financial Lp Hrt purchased 32,502 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average cost of $2.34 per share, for a total transaction of $76,054.68. Following the completion of the purchase, the insider directly owned 159,782 shares of the company’s stock, valued at approximately $373,889.88. This trade represents a 25.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders purchased 56,996 shares of company stock valued at $120,937 and sold 37,222 shares valued at $57,325.
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.
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