Lonking Holdings Limited (OTCMKTS:LKHLY) Shares Shorted: Short Interest Up 114.1% in October

Lonking Holdings Limited (OTCMKTS:LKHLY) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 396 shares, an increase of 114.1% from the September 30th total of 185 shares. Based on an average daily trading volume, of 765 shares, the days-to-cover ratio is currently 0.5 days.

Lonking Price Performance

Shares of OTCMKTS LKHLY opened at $20.00 on Friday. The stock’s fifty day simple moving average is $19.56 and its two-hundred day simple moving average is $18.48. Lonking has a 12-month low of $17.50 and a 12-month high of $23.00.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Lonking to a “buy” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy”.

About Lonking

Lonking Holdings Limited is a China-based manufacturer of construction and material-handling equipment. The company’s product portfolio includes wheel loaders, excavators, forklifts, road rollers, and related machinery and components used in construction, infrastructure, mining, logistics, and other industrial applications.

Founded in 1993, Lonking has developed manufacturing and sales operations serving customers in China and international markets. Its equipment is marketed through a distribution and service network, with products designed for applications including earthmoving, road construction, materials handling, and general industrial use.

Lonking is headquartered in China and is listed on the Hong Kong Stock Exchange.