Li Bang International Corporation Inc. (NASDAQ:LBGJ) Sees Large Growth in Short Interest

Li Bang International Corporation Inc. (NASDAQ:LBGJ) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 119,232 shares, an increase of 104.1% from the August 31st total of 58,428 shares. Approximately 1,987.2% of the company’s shares are short sold. Based on an average daily volume of 824,205 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LBGJ shares. Wall Street Zen raised Li Bang International to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings lowered Li Bang International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Insider Transactions at Li Bang International

In related news, major shareholder Financial Lp Hrt sold 5,430 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $6.00, for a total transaction of $32,580.00. Following the transaction, the insider owned 743 shares in the company, valued at $4,458. The trade was a 87.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Funa Li purchased 15,088 shares of the stock in a transaction on Monday, August 17th. The shares were acquired at an average cost of $3.40 per share, with a total value of $51,299.20. Following the transaction, the director directly owned 15,220 shares in the company, valued at $51,748. The trade was a 11,430.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 93,578 shares of company stock worth $332,057.

Li Bang International Stock Performance

Shares of NASDAQ LBGJ opened at $1.96 on Wednesday. Li Bang International has a 1 year low of $1.86 and a 1 year high of $25,400.00. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average is $3.15 and its 200 day moving average is $191.89.

Li Bang International Company Profile

Li Bang International Corporation Limited is a holding company that operates through its subsidiaries in China. The company focuses on the commercial kitchen equipment industry, serving organizations that require equipment and systems for the preparation, storage, and handling of food.

Its product offerings include commercial cooking equipment, food-processing equipment, refrigeration and storage equipment, stainless-steel kitchen products, and related ventilation or exhaust systems. Li Bang International may also provide services associated with the design, installation, and maintenance of commercial kitchen facilities.

The company primarily serves commercial and institutional customers in China, including restaurants, hotels, schools, hospitals, and other organizations with professional food-service operations.