Short Interest in Li Bang International Corporation Inc. (NASDAQ:LBGJ) Grows By 407.7%

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 68,824 shares, an increase of 407.7% from the February 12th total of 13,555 shares. Based on an average daily trading volume, of 11,737,566 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.1% of the company’s shares are short sold. Currently, 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 11,737,566 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Li Bang International in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Li Bang International Trading Down 9.9%

Li Bang International stock traded down $0.01 on Thursday, hitting $0.09. 4,474,469 shares of the stock traded hands, compared to its average volume of 4,752,186. Li Bang International has a 1 year low of $0.08 and a 1 year high of $2.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.18. The business’s fifty day simple moving average is $0.67 and its 200 day simple moving average is $0.76.

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.