Linkers Industries Limited (NASDAQ:LNKS) Shares Shorted: Short Interest Down 83.9% in September

Linkers Industries Limited (NASDAQ:LNKS) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 5,306 shares, a decline of 83.9% from the September 15th total of 33,016 shares. Based on an average daily volume of 13,434 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Linkers Industries Stock Up 138.4%

NASDAQ:LNKS traded up $1.32 on Monday, reaching $2.27. The stock had a trading volume of 148,852,399 shares, compared to its average volume of 1,834,829. The company has a 50-day moving average of $0.97 and a 200 day moving average of $1.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.90 and a current ratio of 3.86. Linkers Industries has a 12-month low of $0.76 and a 12-month high of $420.00.

Linkers Industries (NASDAQ:LNKS) last issued its quarterly earnings results on Thursday, October 8th. The company reported $4.84 EPS for the quarter. The business had revenue of $1.41 million during the quarter.

Analyst Ratings Changes

Several brokerages recently weighed in on LNKS. Weiss Ratings reissued a “sell (e+)” rating on shares of Linkers Industries in a research note on Friday, October 2nd. Wall Street Zen raised shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

Linkers Industries Company Profile

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.