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

Linkers Industries Limited (NASDAQ:LNKS) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 63,818 shares, a drop of 82.4% from the May 31st total of 362,878 shares. Approximately 4.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 233,328 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised 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, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Linkers Industries Stock Performance

NASDAQ:LNKS traded down $0.16 during trading hours on Friday, hitting $1.88. The stock had a trading volume of 81,322 shares, compared to its average volume of 4,352,888. Linkers Industries has a one year low of $1.14 and a one year high of $420.00. The company has a 50 day simple moving average of $1.72 and a two-hundred day simple moving average of $94.78. The company has a quick ratio of 3.53, a current ratio of 4.69 and a debt-to-equity ratio of 0.02.

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

Insider Transactions at Linkers Industries

In other news, major shareholder Financial Lp Hrt bought 32,502 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average cost of $2.34 per share, with a total value of $76,054.68. Following the transaction, the insider directly owned 159,782 shares in the company, valued at approximately $373,889.88. This trade represents a 25.54% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

About Linkers Industries

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.