Linkers Industries Limited (NASDAQ:LNKS) Sees Significant Decline in Short Interest

Linkers Industries Limited (NASDAQ:LNKS) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 129,927 shares, a decline of 19.4% from the February 12th total of 161,100 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average trading volume of 85,518 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 85,518 shares, the short-interest ratio is currently 1.5 days. Currently, 1.0% of the company’s shares are short sold.

Linkers Industries Trading Down 0.9%

NASDAQ LNKS opened at $0.99 on Friday. Linkers Industries has a 52 week low of $0.27 and a 52 week high of $1.68. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.74 and a current ratio of 4.72. The stock’s 50 day moving average price is $0.86 and its two-hundred day moving average price is $0.59.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Linkers Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Linkers Industries Company Profile

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.