Short Interest in Linkers Industries Limited (NASDAQ:LNKS) Drops By 49.3%

Linkers Industries Limited (NASDAQ:LNKS) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 362,878 shares, a drop of 49.3% from the May 14th total of 715,351 shares. Based on an average daily trading volume, of 1,788,645 shares, the days-to-cover ratio is currently 0.2 days. Currently, 22.5% of the company’s shares are short sold.

Linkers Industries Price Performance

LNKS stock opened at $1.57 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.53 and a current ratio of 4.69. The firm has a 50 day simple moving average of $1.71 and a 200 day simple moving average of $100.65. Linkers Industries has a 52 week low of $1.14 and a 52 week high of $420.00.

Linkers Industries (NASDAQ:LNKS) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($6.54) EPS for the quarter. The company had revenue of $1.35 million for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.