Linkers Industries Limited (NASDAQ:LNKS) Short Interest Down 82.4% in June

Linkers Industries Limited (NASDAQ:LNKS) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 63,818 shares, a decline of 82.4% from the May 31st total of 362,878 shares. Currently, 4.0% of the shares of the company are sold short. Based on an average daily volume of 233,328 shares, the days-to-cover ratio is currently 0.3 days.

Linkers Industries Stock Down 7.8%

Shares of Linkers Industries stock traded down $0.16 during midday trading on Friday, reaching $1.88. 81,322 shares of the company’s stock traded hands, compared to its average volume of 4,352,888. The stock has a 50 day moving average of $1.72 and a 200-day moving average of $94.78. Linkers Industries has a 12 month low of $1.14 and a 12 month high of $420.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.69 and a quick ratio of 3.53.

Linkers Industries (NASDAQ:LNKS) last released 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 for the quarter.

Insider Buying and Selling

In other news, major shareholder Financial Lp Hrt bought 32,502 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was 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 of the company’s stock, valued at $373,889.88. This represents a 25.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a report on Sunday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Linkers Industries currently has an average 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.