Linkers Industries Limited (NASDAQ:LNKS) Short Interest Update

Linkers Industries Limited (NASDAQ:LNKS) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 11,684 shares, a drop of 81.7% from the June 15th total of 63,818 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 8,204,767 shares, the days-to-cover ratio is currently 0.0 days.

Linkers Industries Price Performance

Shares of Linkers Industries stock traded down $0.04 during midday trading on Monday, hitting $1.38. The company had a trading volume of 49,045 shares, compared to its average volume of 4,236,461. Linkers Industries has a 1-year low of $1.14 and a 1-year high of $420.00. The business’s 50 day simple moving average is $1.67 and its two-hundred day simple moving average is $88.52. The company has a current ratio of 4.69, a quick ratio of 3.53 and a debt-to-equity ratio of 0.02.

Linkers Industries (NASDAQ:LNKS) last released its 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 Upgrades and Downgrades

LNKS has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Linkers Industries in a research report on Monday, July 6th. Wall Street Zen upgraded Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Insider Buying and Selling

In other news, major shareholder Financial Lp Hrt bought 32,502 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average price of $2.34 per share, with a total value of $76,054.68. Following the transaction, the insider directly owned 159,782 shares in the company, valued at approximately $373,889.88. The trade was a 25.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have acquired 56,996 shares of company stock valued at $120,937 and have sold 37,222 shares valued at $57,325.

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.