Luda Technology Group Limited (NYSEAMERICAN:LUD) Sees Large Growth in Short Interest

Luda Technology Group Limited (NYSEAMERICAN:LUD) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 52,103 shares, an increase of 136.3% from the May 31st total of 22,050 shares. Based on an average trading volume of 247,587 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Luda Technology Group Stock Up 1.4%

LUD stock traded up $0.06 during trading on Tuesday, hitting $4.44. 13,777 shares of the company’s stock were exchanged, compared to its average volume of 151,612. The business has a 50-day moving average price of $5.28 and a two-hundred day moving average price of $6.01. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.63 and a quick ratio of 1.43. Luda Technology Group has a 52-week low of $2.90 and a 52-week high of $24.20.

Luda Technology Group (NYSEAMERICAN:LUD) last released its quarterly earnings data on Saturday, May 16th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $8.20 million for the quarter.

Luda Technology Group Company Profile

Luda Technology Group Ltd (AMEX:LUD) is a US-listed technology company specializing in the development and commercialization of artificial intelligence and autonomous system solutions. The company’s core expertise lies in SLAM (Simultaneous Localization and Mapping) and advanced perception algorithms, enabling real-time 3D mapping, navigation and obstacle avoidance for robotic and unmanned platforms. Luda’s technology base supports applications ranging from indoor service robots to outdoor autonomous vehicles.

Its product suite comprises both hardware modules and software development kits designed for integration by original equipment manufacturers and system integrators.