Linkers Industries Limited (NASDAQ:LNKS – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 32,549 shares, a growth of 191.7% from the August 15th total of 11,158 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average trading volume of 115,409 shares, the days-to-cover ratio is currently 0.3 days.
Insider Buying and Selling
In other Linkers Industries news, major shareholder Financial Lp Hrt sold 21,059 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $1.49, for a total transaction of $31,377.91. Following the sale, the insider directly owned 140,759 shares in the company, valued at approximately $209,730.91. This trade represents a 13.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders acquired 56,996 shares of company stock worth $120,937 and sold 37,222 shares worth $57,325.
Linkers Industries Trading Up 3.0%
Shares of LNKS opened at $1.03 on Tuesday. Linkers Industries has a twelve month low of $0.76 and a twelve month high of $420.00. The company’s fifty day simple moving average is $1.10 and its 200-day simple moving average is $33.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.69 and a quick ratio of 3.53.
Wall Street Analyst Weigh In
View Our Latest Research Report on LNKS
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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