Linkers Industries Limited (NASDAQ:LNKS) Short Interest Down 95.6% in April

Linkers Industries Limited (NASDAQ:LNKS) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 183,234 shares, a drop of 95.6% from the March 31st total of 4,167,587 shares. Approximately 11.4% of the shares of the company are short sold. Based on an average daily trading volume, of 3,623,701 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Several research firms recently commented on LNKS. Weiss Ratings restated a “sell (e+)” rating on shares of Linkers Industries in a research report on Monday, December 29th. Wall Street Zen lowered shares of Linkers Industries to a “strong sell” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Linkers Industries Stock Performance

LNKS traded down $0.07 on Friday, reaching $1.73. 229,079 shares of the company’s stock were exchanged, compared to its average volume of 2,147,955. Linkers Industries has a twelve month low of $1.51 and a twelve month high of $420.00. The stock’s fifty day moving average price is $133.93 and its 200-day moving average price is $126.87.

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.