Short Interest in Li Bang International Corporation Inc. (NASDAQ:LBGJ) Increases By 68.3%

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 120,206 shares, a growth of 68.3% from the March 31st total of 71,409 shares. Based on an average daily trading volume, of 130,446 shares, the days-to-cover ratio is presently 0.9 days. Currently, 9.8% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Li Bang International in a research report on Tuesday, April 21st. Wall Street Zen upgraded Li Bang International to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Li Bang International presently has a consensus rating of “Sell”.

Li Bang International Price Performance

Shares of Li Bang International stock traded down $0.03 during trading on Monday, hitting $1.17. 21,338 shares of the company were exchanged, compared to its average volume of 451,414. Li Bang International has a 1-year low of $0.75 and a 1-year high of $200.00. The firm’s fifty day moving average price is $19.76 and its 200 day moving average price is $51.13.

Li Bang International Company Profile

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.