Short Interest in Li Bang International Corporation Inc. (NASDAQ:LBGJ) Drops By 87.3%

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 114,481 shares, a drop of 87.3% from the July 30th total of 903,158 shares. Currently, 1,908.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,196,957 shares, the short-interest ratio is presently 0.1 days.

Li Bang International Stock Up 11.1%

Li Bang International stock traded up $0.33 during mid-day trading on Wednesday, hitting $3.28. 1,334,040 shares of the company’s stock were exchanged, compared to its average volume of 227,966. Li Bang International has a fifty-two week low of $2.81 and a fifty-two week high of $35,400.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.15. The company’s 50 day simple moving average is $127.04 and its 200-day simple moving average is $2,290.25.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LBGJ shares. Weiss Ratings upgraded shares of Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Li Bang International to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 5,430 shares of Li Bang International stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $6.00, for a total value of $32,580.00. Following the completion of the sale, the insider directly owned 743 shares of the company’s stock, valued at approximately $4,458. This trade represents a 87.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Feng Huang purchased 73,147 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were purchased at an average cost of $3.40 per share, for a total transaction of $248,699.80. Following the purchase, the chief executive officer directly owned 73,788 shares of the company’s stock, valued at $250,879.20. This trade represents a 11,411.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 93,578 shares of company stock valued at $332,057.

About Li Bang International

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.