Short Interest in Linkers Industries Limited (NASDAQ:LNKS) Expands By 468.9%

Linkers Industries Limited (NASDAQ:LNKS) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 715,351 shares, a growth of 468.9% from the April 30th total of 125,740 shares. Based on an average daily volume of 3,147,876 shares, the short-interest ratio is currently 0.2 days. Currently, 44.5% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Linkers Industries Price Performance

Shares of LNKS traded down $0.04 during trading hours on Friday, reaching $1.74. The stock had a trading volume of 595,534 shares, compared to its average volume of 2,556,360. Linkers Industries has a 12 month low of $1.14 and a 12 month high of $420.00. The company has a quick ratio of 3.53, a current ratio of 4.69 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average is $10.55 and its two-hundred day moving average is $106.92.

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

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.