Li Bang International Corporation Inc. (NASDAQ:LBGJ) Sees Large Drop in Short Interest

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 47,528 shares, a decrease of 23.4% from the December 15th total of 62,030 shares. Based on an average daily trading volume, of 72,287 shares, the short-interest ratio is presently 0.7 days. Approximately 1.4% of the shares of the stock are sold short. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 72,287 shares, the short-interest ratio is presently 0.7 days.

Li Bang International Stock Performance

LBGJ stock traded up $0.03 during mid-day trading on Monday, hitting $0.75. The company had a trading volume of 26,517 shares, compared to its average volume of 111,508. The company has a 50-day moving average price of $0.67 and a 200 day moving average price of $0.92. Li Bang International has a 12-month low of $0.42 and a 12-month high of $3.19. The company has a quick ratio of 1.09, a current ratio of 1.18 and a debt-to-equity ratio of 0.39.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Li Bang International in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.