Luokung Technology Corp. (NASDAQ:LKCO) Sees Significant Growth in Short Interest

Luokung Technology Corp. (NASDAQ:LKCO) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 410,300 shares, an increase of 621.1% from the July 31st total of 56,900 shares. Based on an average daily trading volume, of 50,800 shares, the short-interest ratio is currently 8.1 days. Approximately 2.7% of the shares of the stock are short sold.

Luokung Technology Stock Up 9.8 %

Luokung Technology stock traded up $0.06 during trading hours on Tuesday, hitting $0.68. 73,070 shares of the company traded hands, compared to its average volume of 80,518. The firm’s 50-day simple moving average is $0.67 and its two-hundred day simple moving average is $0.67. Luokung Technology has a 1-year low of $0.41 and a 1-year high of $1.20.

Luokung Technology Company Profile

Luokung Technology Corp., together with its subsidiaries, engages in the provision of location-based services and mobile application products for long distance rail travelers in the People's Republic of China. It offers Luokuang mobile application, which provides business to customer (B2C) location-based services; and SuperEngine that offers business to business (B2B) and business to government (B2G) services in connection with spatial-temporal big data processing.