Linkers Industries Limited (NASDAQ:LNKS) Short Interest Down 81.7% in June

Linkers Industries Limited (NASDAQ:LNKS) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 11,684 shares, a decrease of 81.7% from the June 15th total of 63,818 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 8,204,767 shares, the short-interest ratio is currently 0.0 days.

Insider Buying and Selling at Linkers Industries

In other news, major shareholder Financial Lp Hrt bought 32,502 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of $2.34 per share, with a total value of $76,054.68. Following the completion of the transaction, the insider directly owned 159,782 shares in the company, valued at $373,889.88. This represents a 25.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders bought 56,996 shares of company stock worth $120,937 and sold 37,222 shares worth $57,325.

Linkers Industries Stock Down 2.8%

LNKS traded down $0.04 during trading on Monday, hitting $1.38. The stock had a trading volume of 49,045 shares, compared to its average volume of 4,236,461. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.53 and a current ratio of 4.69. The company has a 50 day moving average price of $1.67 and a 200-day moving average price of $88.52. Linkers Industries has a one year low of $1.14 and a one year high of $420.00.

Linkers Industries (NASDAQ:LNKS) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($6.54) earnings per share for the quarter. The business had revenue of $1.35 million for the quarter.

Analysts Set New Price Targets

LNKS has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Linkers Industries in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Linkers Industries

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.