Short Interest in Linkers Industries Limited (NASDAQ:LNKS) Rises By 51.0%

Linkers Industries Limited (NASDAQ:LNKS) was the target of a significant growth in short interest during the month of 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. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 422,645 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Linkers Industries in a research report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Insider Transactions at Linkers Industries

In related news, major shareholder Financial Lp Hrt bought 32,502 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average cost of $2.34 per share, with a total value of $76,054.68. Following the completion of the acquisition, the insider owned 159,782 shares of the company’s stock, valued at $373,889.88. The trade was a 25.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders acquired 56,996 shares of company stock worth $120,937 and sold 37,222 shares worth $57,325.

Linkers Industries Price Performance

NASDAQ LNKS traded down $0.03 during trading hours on Wednesday, hitting $0.81. The company’s stock had a trading volume of 11,993 shares, compared to its average volume of 1,167,939. Linkers Industries has a 12 month low of $0.76 and a 12 month high of $420.00. The company’s 50 day simple moving average is $1.24 and its two-hundred day simple moving average is $52.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.69 and a quick ratio of 3.53.

About Linkers Industries

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.