Li Bang International Corporation Inc. (NASDAQ:LBGJ) Sees Large Decline in Short Interest

Li Bang International Corporation Inc. (NASDAQ:LBGJ) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 114,481 shares, a decrease of 87.3% from the July 30th total of 903,158 shares. Approximately 1,908.0% of the shares of the stock are short sold. Based on an average trading volume of 2,196,957 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LBGJ shares. Wall Street Zen raised Li Bang International to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings raised Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Li Bang International has a consensus rating of “Sell”.

Li Bang International Stock Performance

Shares of Li Bang International stock traded down $0.18 during mid-day trading on Friday, hitting $2.95. The stock had a trading volume of 61,128 shares, compared to its average volume of 226,755. The firm has a 50-day moving average of $117.33 and a two-hundred day moving average of $2,064.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.15. Li Bang International has a 12-month low of $2.81 and a 12-month high of $35,400.00.

Insiders Place Their Bets

In other news, major shareholder Financial Lp Hrt sold 5,430 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $6.00, for a total value of $32,580.00. Following the completion of the sale, the insider directly owned 743 shares in the company, valued at $4,458. This represents a 87.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Funa Li purchased 15,088 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average cost of $3.40 per share, with a total value of $51,299.20. Following the acquisition, the director owned 15,220 shares of the company’s stock, valued at approximately $51,748. The trade was a 11,430.30% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 93,578 shares of company stock valued at $332,057 in the last ninety days.

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.