Luk Fook Holdings (OTCMKTS:LKFLF) Sees Significant Growth in Short Interest

Luk Fook Holdings (OTCMKTS:LKFLF) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 7,100 shares, an increase of 7,000.0% from the January 29th total of 100 shares. Based on an average daily volume of 1,363 shares, the days-to-cover ratio is presently 5.2 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,363 shares, the days-to-cover ratio is presently 5.2 days.

Luk Fook Price Performance

Shares of OTCMKTS LKFLF remained flat at $4.19 during mid-day trading on Wednesday. Luk Fook has a 12-month low of $2.10 and a 12-month high of $4.25. The stock’s 50-day moving average is $3.59 and its 200 day moving average is $3.33. The company has a quick ratio of 0.45, a current ratio of 3.13 and a debt-to-equity ratio of 0.02.

About Luk Fook

Luk Fook Jewellery Group Limited (OTCMKTS: LKFLF) is a Hong Kong–based retailer and manufacturer specializing in fine jewelry and related accessories. Established in 1991, the company designs, produces and distributes a broad range of jewelry products, including gold, platinum, diamond and gem-set pieces. Its vertically integrated operations encompass goldsmithing, jewelry design, casting, polishing and quality control, supporting both proprietary brands and private-label offerings.

The company’s product portfolio features traditional and contemporary collections, ranging from wedding bands, engagement rings and necklaces to jadeite bangles, gemstone pendants and pearl earrings.