Li Bang International Corporation Inc. (NASDAQ:LBGJ) Short Interest Update

Li Bang International Corporation Inc. (NASDAQ:LBGJGet Free Report) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 92,760 shares, a decline of 35.3% from the June 15th total of 143,285 shares. Based on an average trading volume of 94,485 shares, the short-interest ratio is currently 1.0 days. Currently, 7.5% of the shares of the stock are sold short.

Li Bang International Trading Up 9.4%

NASDAQ:LBGJ traded up $0.20 on Friday, hitting $2.40. 625,375 shares of the stock were exchanged, compared to its average volume of 426,634. 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 52 week low of $0.75 and a 52 week high of $177.00. The company’s 50-day moving average price is $1.14 and its 200 day moving average price is $25.64.

Li Bang International (NASDAQ:LBGJGet Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($1.28) EPS for the quarter. The firm had revenue of $3.14 million for the quarter.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LBGJ shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Li Bang International in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Li Bang International to a “sell” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Read Our Latest Report on Li Bang International

About Li Bang International

(Get Free Report)

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.

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