Li Bang International Corporation Inc. (NASDAQ:LBGJ) Short Interest Down 35.3% in June

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 92,760 shares, a decrease of 35.3% from the June 15th total of 143,285 shares. Based on an average daily trading volume, of 94,485 shares, the short-interest ratio is presently 1.0 days. Currently, 7.5% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LBGJ. Wall Street Zen raised Li Bang International to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Li Bang International in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Li Bang International currently has an average rating of “Sell”.

Li Bang International Stock Performance

Li Bang International stock opened at $2.41 on Friday. The stock has a fifty day moving average of $1.17 and a two-hundred day moving average of $25.48. Li Bang International has a fifty-two week low of $0.75 and a fifty-two week high of $177.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07.

Li Bang International (NASDAQ:LBGJ) last released its earnings results on Wednesday, May 13th. The company reported ($1.28) earnings per share (EPS) for the quarter. The business had revenue of $3.14 million for the quarter.

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.