Lonking Holdings Limited (OTCMKTS:LKHLY) Sees Large Growth in Short Interest

Lonking Holdings Limited (OTCMKTS:LKHLY) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 396 shares, a growth of 114.1% from the September 30th total of 185 shares. Based on an average daily volume of 765 shares, the days-to-cover ratio is currently 0.5 days.

Lonking Price Performance

LKHLY traded down $2.47 on Friday, reaching $17.53. The company had a trading volume of 394 shares, compared to its average volume of 677. Lonking has a 1 year low of $17.50 and a 1 year high of $23.00. The stock has a 50-day moving average price of $19.55 and a 200-day moving average price of $18.48.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Lonking to a “buy” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About Lonking

Lonking Holdings Limited is a China-based manufacturer of construction and material-handling equipment. The company’s product portfolio includes wheel loaders, excavators, forklifts, road rollers, and related machinery and components used in construction, infrastructure, mining, logistics, and other industrial applications.

Founded in 1993, Lonking has developed manufacturing and sales operations serving customers in China and international markets. Its equipment is marketed through a distribution and service network, with products designed for applications including earthmoving, road construction, materials handling, and general industrial use.

Lonking is headquartered in China and is listed on the Hong Kong Stock Exchange.