Lonking Holdings Ltd. (OTCMKTS:LONKF – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 136,000 shares, a decline of 64.0% from the August 15th total of 378,000 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 82 shares, the days-to-cover ratio is currently 1,658.5 days.
Lonking Stock Performance
Shares of OTCMKTS LONKF opened at $0.39 on Tuesday. Lonking has a 12 month low of $0.36 and a 12 month high of $0.39. The stock has a 50 day moving average of $0.37 and a 200-day moving average of $0.36.
Lonking Company Profile
Lonking Holdings Limited is a Chinese manufacturer of construction machinery and related equipment. The company designs, produces and sells machinery used in construction, infrastructure development, mining, logistics and other industrial applications.
Its product portfolio includes wheel loaders, excavators, forklift trucks, road rollers, motor graders and other construction equipment. Lonking also manufactures selected components and provides related support services for its machinery products.
Founded in 1993, Lonking serves customers in China and markets outside the country through its sales and distribution network.
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