Short Interest in Luokung Technology Corp. (NASDAQ:LKCO) Declines By 30.7%

Luokung Technology Corp. (NASDAQ:LKCO) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 41,900 shares, a drop of 30.7% from the January 31st total of 60,500 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 71,900 shares, the short-interest ratio is currently 0.6 days.

Luokung Technology Trading Down 0.6 %

LKCO stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.60. 7,189 shares of the stock were exchanged, compared to its average volume of 26,553. The business has a fifty day moving average price of $1.86 and a 200 day moving average price of $2.40. Luokung Technology has a 12 month low of $1.43 and a 12 month high of $7.68.

Institutional Trading of Luokung Technology

An institutional investor recently bought a new position in Luokung Technology stock. Citadel Advisors LLC purchased a new position in Luokung Technology Corp. (NASDAQ:LKCO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,691 shares of the company’s stock, valued at approximately $69,000. Citadel Advisors LLC owned 0.55% of Luokung Technology at the end of the most recent reporting period. 14.62% of the stock is owned by hedge funds and other institutional investors.

About Luokung Technology

Luokung Technology Corp., together with its subsidiaries, engages in the provision of location-based services and mobile application products for long distance rail travelers in the People’s Republic of China. It offers Luokuang mobile application, which provides business to customer (B2C) location-based services; and SuperEngine that offers business to business (B2B) and business to government (B2G) services in connection with spatial-temporal big data processing.