Short Interest in Linkers Industries Limited (NASDAQ:LNKS) Decreases By 49.3%

Linkers Industries Limited (NASDAQ:LNKS) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 362,878 shares, a drop of 49.3% from the May 14th total of 715,351 shares. Based on an average trading volume of 1,788,645 shares, the days-to-cover ratio is presently 0.2 days. Approximately 22.5% of the company’s shares are sold short.

Linkers Industries Trading Down 9.2%

LNKS stock traded down $0.16 during trading hours on Friday, reaching $1.57. The stock had a trading volume of 159,174 shares, compared to its average volume of 974,691. Linkers Industries has a fifty-two week low of $1.14 and a fifty-two week high of $420.00. The stock has a 50-day simple moving average of $1.71 and a 200 day simple moving average of $100.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.53 and a current ratio of 4.69.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Linkers Industries has a consensus rating of “Sell”.

Linkers Industries Company Profile

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.