Li Bang International Corporation Inc. (NASDAQ:LBGJ) Stock Short Interest Report for September

Li Bang International Corporation Inc. (NASDAQ:LBGJ) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 59,426 shares, a decrease of 50.2% from the September 15th total of 119,232 shares. Based on an average daily volume of 108,090 shares, the days-to-cover ratio is currently 0.5 days. Currently, 8.4% of the company’s shares are short sold.

Insider Buying and Selling

In other Li Bang International news, CEO Feng Huang acquired 73,147 shares of the stock in a transaction dated Monday, August 17th. The stock was purchased at an average cost of $3.40 per share, with a total value of $248,699.80. Following the transaction, the chief executive officer owned 73,788 shares in the company, valued at approximately $250,879.20. The trade was a 11,411.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Financial Lp Hrt sold 5,430 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $6.00, for a total value of $32,580.00. Following the sale, the insider owned 743 shares in the company, valued at approximately $4,458. The trade was a 87.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders bought 93,578 shares of company stock valued at $332,057 over the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on LBGJ shares. Weiss Ratings lowered shares of Li Bang International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 25th. Wall Street Zen upgraded Li Bang International to a “sell” rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

Li Bang International Price Performance

Shares of LBGJ traded down $0.13 during trading hours on Thursday, hitting $1.62. The company’s stock had a trading volume of 15,364 shares, compared to its average volume of 254,264. The business has a 50 day simple moving average of $2.49 and a two-hundred day simple moving average of $126.27. Li Bang International has a 52-week low of $1.29 and a 52-week high of $25,400.00.

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.