Li Bang International Corporation Inc. (NASDAQ:LBGJ) Short Interest Up 1,206.7% in July

Li Bang International Corporation Inc. (NASDAQ:LBGJ) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 903,158 shares, a growth of 1,206.7% from the July 15th total of 69,119 shares. Currently, 9,031.6% of the shares of the company are sold short. Based on an average daily trading volume, of 179,785,405 shares, the days-to-cover ratio is currently 0.0 days.

Insiders Place Their Bets

In related news, major shareholder Financial Lp Hrt sold 5,430 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $6.00, for a total transaction of $32,580.00. Following the completion of the transaction, the insider owned 743 shares in the company, valued at approximately $4,458. This represents a 87.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen upgraded Li Bang International to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Li Bang International Stock Down 4.6%

Shares of LBGJ stock opened at $3.09 on Wednesday. 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 firm’s 50 day moving average is $172.22 and its 200 day moving average is $3,395.61. Li Bang International has a 12 month low of $2.90 and a 12 month high of $35,400.00.

Li Bang International (NASDAQ:LBGJ) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($257.00) earnings per share for the quarter. The company had revenue of $3.14 million for the quarter.

Li Bang International Company Profile

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.