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

Li Bang International Corporation Inc. (NASDAQ:LBGJ) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 47,528 shares, a decrease of 23.4% from the December 15th total of 62,030 shares. Based on an average daily volume of 72,287 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.4% of the shares of the company are short sold. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 72,287 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Li Bang International in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Li Bang International Price Performance

LBGJ opened at $0.75 on Tuesday. The firm has a fifty day moving average price of $0.67 and a 200 day moving average price of $0.92. Li Bang International has a 1 year low of $0.42 and a 1 year high of $3.19. The company has a current ratio of 1.18, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

Li Bang International Company Profile

Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Li Bang International Corporation Inc is based in Jiangyin, China.