Linkers Industries Limited (NASDAQ:LNKS – Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 89,495 shares, a growth of 1,586.7% from the September 30th total of 5,306 shares. Based on an average daily trading volume, of 14,995,525 shares, the days-to-cover ratio is currently 0.0 days. Currently, 5.1% of the company’s shares are sold short.
Analyst Ratings Changes
LNKS has been the subject of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Linkers Industries in a report on Friday, October 2nd. Wall Street Zen raised shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.
Check Out Our Latest Research Report on LNKS
Linkers Industries Stock Down 3.6%
Shares of NASDAQ:LNKS traded down $0.02 during midday trading on Monday, reaching $0.61. 46,607 shares of the company’s stock were exchanged, compared to its average volume of 8,336,678. The company’s 50 day simple moving average is $0.93 and its two-hundred day simple moving average is $57.02. Linkers Industries has a 12 month low of $0.60 and a 12 month high of $420.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.86 and a quick ratio of 2.90.
Linkers Industries (NASDAQ:LNKS – Get Free Report) last released its quarterly earnings results on Thursday, October 8th. The company reported $4.84 EPS for the quarter. The business had revenue of $1.41 million for the quarter.
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.
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