LINKBANCORP, Inc. (NASDAQ:LNKB) Short Interest Update

LINKBANCORP, Inc. (NASDAQ:LNKB) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 348,137 shares, a decrease of 15.0% from the March 31st total of 409,533 shares. Based on an average daily trading volume, of 65,983 shares, the days-to-cover ratio is currently 5.3 days. Approximately 1.5% of the shares of the company are sold short.

LINKBANCORP Price Performance

Shares of LNKB remained flat at $8.69 during trading hours on Friday. The company has a 50-day simple moving average of $8.58 and a 200 day simple moving average of $8.24. The company has a market cap of $325.61 million, a price-to-earnings ratio of 9.66 and a beta of 0.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 0.98. LINKBANCORP has a fifty-two week low of $6.55 and a fifty-two week high of $9.59.

Hedge Funds Weigh In On LINKBANCORP

Several large investors have recently bought and sold shares of the company. Yakira Capital Management Inc. acquired a new position in shares of LINKBANCORP in the fourth quarter worth approximately $1,146,000. World Investment Advisors acquired a new position in shares of LINKBANCORP in the fourth quarter worth approximately $122,000. Bailard Inc. acquired a new position in shares of LINKBANCORP in the fourth quarter worth approximately $319,000. ABC Arbitrage SA acquired a new position in shares of LINKBANCORP in the fourth quarter worth approximately $1,087,000. Finally, Salzhauer Michael acquired a new position in shares of LINKBANCORP in the fourth quarter worth approximately $449,000. 37.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LNKB shares. Zacks Research lowered LINKBANCORP from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Weiss Ratings raised LINKBANCORP from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.63.

LINKBANCORP Company Profile

Link Bancorp, Inc is a bank holding company headquartered in Wheeling, West Virginia, serving as the parent of Link Bank. Established to support the growth of a regional financial institution, the company offers a broad range of banking and financial services through its subsidiary, Link Bank. With an emphasis on community banking, Link Bancorp focuses on building long-term relationships with individuals, businesses and nonprofit organizations across its footprint.

The company’s core activities include commercial and consumer lending, residential mortgage financing, deposit account services and treasury management solutions.