Lonking Holdings Limited (OTCMKTS:LKHLY) Stock Short Interest Rises 1,450.0%

Lonking Holdings Limited (OTCMKTS:LKHLY) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 155 shares, a growth of 1,450.0% from the August 31st total of 10 shares. Based on an average daily volume of 145 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Lonking to a “buy” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Lonking Stock Performance

Shares of Lonking stock remained flat at $20.45 during mid-day trading on Thursday. Lonking has a 1 year low of $18.15 and a 1 year high of $23.00. The company’s 50 day simple moving average is $18.66 and its 200-day simple moving average is $18.33.

Lonking Company Profile

Lonking Holdings Limited, trading as OTCMKTS:LKHLY, is a China-based manufacturer and distributor of construction and material handling equipment. Headquartered in Longyan, Fujian Province, the company specializes in the design, development and production of heavy machinery used across infrastructure, mining, agriculture and logistics sectors. Lonking’s product lineup encompasses wheel loaders, excavators, forklift trucks, motor graders, road rollers and related attachments, supported by in-house research and development centers and quality control laboratories.

Founded in 1993, Lonking has grown from a domestic OEM supplier into one of China’s leading construction-equipment brands.