Li Bang International Corporation Inc. (NASDAQ:LBGJ) Short Interest Update

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 58,428 shares, a drop of 49.0% from the August 15th total of 114,481 shares. Currently, 584.3% of the company’s stock are short sold. Based on an average daily trading volume, of 330,918 shares, the short-interest ratio is currently 0.2 days.

Li Bang International Price Performance

Shares of NASDAQ LBGJ traded down $0.04 during trading hours on Wednesday, hitting $2.05. 107,193 shares of the stock were exchanged, compared to its average volume of 260,538. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $50.31 and a 200-day moving average price of $325.60. Li Bang International has a 12 month low of $1.91 and a 12 month high of $30,900.00.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Li Bang International to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Li Bang International has a consensus rating of “Sell”.

Insider Activity at Li Bang International

In other Li Bang International news, major shareholder Financial Lp Hrt sold 5,430 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $6.00, for a total transaction of $32,580.00. Following the transaction, the insider owned 743 shares of the company’s stock, valued at approximately $4,458. This trade represents a 87.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Funa Li bought 15,088 shares of the business’s stock in a transaction on Monday, August 17th. The shares were acquired at an average cost of $3.40 per share, for a total transaction of $51,299.20. Following the transaction, the director directly owned 15,220 shares in the company, valued at approximately $51,748. This trade represents a 11,430.30% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 93,578 shares of company stock worth $332,057 over the last three months.

Li Bang International Company Profile

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.