Luda Technology Group Limited (NYSEAMERICAN:LUD) Sees Significant Increase in Short Interest

Luda Technology Group Limited (NYSEAMERICAN:LUD) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 52,103 shares, a growth of 136.3% from the May 31st total of 22,050 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 247,587 shares, the short-interest ratio is presently 0.2 days.

Luda Technology Group Price Performance

NYSEAMERICAN LUD traded down $0.44 during trading hours on Monday, hitting $4.38. The company’s stock had a trading volume of 48,118 shares, compared to its average volume of 103,697. The company’s 50 day simple moving average is $5.29 and its two-hundred day simple moving average is $6.09. Luda Technology Group has a 12 month low of $2.90 and a 12 month high of $24.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.63 and a quick ratio of 1.43.

Luda Technology Group (NYSEAMERICAN:LUD) last released its quarterly earnings results on Saturday, May 16th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $8.20 million during the quarter.

Luda Technology Group Company Profile

Luda Technology Group Ltd (AMEX:LUD) is a US-listed technology company specializing in the development and commercialization of artificial intelligence and autonomous system solutions. The company’s core expertise lies in SLAM (Simultaneous Localization and Mapping) and advanced perception algorithms, enabling real-time 3D mapping, navigation and obstacle avoidance for robotic and unmanned platforms. Luda’s technology base supports applications ranging from indoor service robots to outdoor autonomous vehicles.

Its product suite comprises both hardware modules and software development kits designed for integration by original equipment manufacturers and system integrators.