Short Interest in Li Bang International Corporation Inc. (NASDAQ:LBGJ) Decreases By 87.3%

Li Bang International Corporation Inc. (NASDAQ:LBGJ) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 114,481 shares, a drop of 87.3% from the July 30th total of 903,158 shares. Based on an average daily volume of 2,196,957 shares, the short-interest ratio is presently 0.1 days. Approximately 1,908.0% of the shares of the stock are sold short.

Li Bang International Stock Down 2.8%

Shares of Li Bang International stock traded down $0.09 on Thursday, hitting $3.13. The stock had a trading volume of 93,284 shares, compared to its average volume of 227,758. The stock has a 50 day moving average of $117.33 and a 200 day moving average of $2,064.59. Li Bang International has a twelve month low of $2.81 and a twelve month high of $35,400.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.15.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LBGJ. Wall Street Zen upgraded shares of Li Bang International to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded shares of Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Li Bang International has a consensus rating of “Sell”.

Insider Activity

In other Li Bang International news, major shareholder Financial Lp Hrt sold 5,430 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $6.00, for a total transaction of $32,580.00. Following the completion of the transaction, the insider owned 743 shares of the company’s stock, valued at approximately $4,458. The trade was a 87.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Feng Huang bought 73,147 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was bought at an average cost of $3.40 per share, with a total value of $248,699.80. Following the acquisition, the chief executive officer directly owned 73,788 shares of the company’s stock, valued at approximately $250,879.20. The trade was a 11,411.39% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 93,578 shares of company stock worth $332,057.

About Li Bang International

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.