Lonking Holdings Limited (OTCMKTS:LKHLY – Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 4 shares, a drop of 42.9% from the April 30th total of 7 shares. Based on an average daily trading volume, of 3 shares, the short-interest ratio is presently 1.3 days.
Lonking Price Performance
Lonking stock opened at $18.15 on Thursday. Lonking has a one year low of $8.58 and a one year high of $18.29. The business’s fifty day moving average is $18.15 and its 200 day moving average is $18.09.
Lonking Company Profile
Lonking Holdings Limited, trading as OTCMKTS:LKHLY, is a China-based manufacturer and distributor of construction and material handling equipment. Headquartered in Longyan, Fujian Province, the company specializes in the design, development and production of heavy machinery used across infrastructure, mining, agriculture and logistics sectors. Lonking’s product lineup encompasses wheel loaders, excavators, forklift trucks, motor graders, road rollers and related attachments, supported by in-house research and development centers and quality control laboratories.
Founded in 1993, Lonking has grown from a domestic OEM supplier into one of China’s leading construction-equipment brands.
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