Linkers Industries Limited (NASDAQ:LNKS) Shares Shorted: Short Interest Up 1,586.7% in October

Linkers Industries Limited (NASDAQ:LNKS – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 89,495 shares, an increase of 1,586.7% from the September 30th total of 5,306 shares. Currently, 5.1% of the company’s stock are short sold. Based on an average trading volume of 14,995,525 shares, the days-to-cover ratio is presently 0.0 days.

Linkers Industries Trading Down 3.6%

LNKS traded down $0.02 on Monday, reaching $0.61. 46,607 shares of the company’s stock were exchanged, compared to its average volume of 8,336,678. The company’s 50 day moving average is $0.93 and its 200-day moving average is $57.02. The company has a quick ratio of 2.90, a current ratio of 3.86 and a debt-to-equity ratio of 0.04. Linkers Industries has a twelve month low of $0.60 and a twelve month high of $420.00.

Linkers Industries (NASDAQ:LNKS – Get Free Report) last posted its quarterly earnings data on Thursday, October 8th. The company reported $4.84 earnings per share for the quarter. The firm had revenue of $1.41 million during the quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen raised Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Linkers Industries in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Read Our Latest Report on Linkers Industries

About Linkers Industries

(Get Free Report)

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.

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