Linkers Industries Limited (NASDAQ:LNKS) Short Interest Up 351.2% in December

Linkers Industries Limited (NASDAQ:LNKS) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 89,327 shares, a growth of 351.2% from the December 15th total of 19,796 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,254,010 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 1,254,010 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.7% of the shares of the stock are short sold.

Linkers Industries Price Performance

Shares of NASDAQ LNKS traded down $0.01 during trading hours on Tuesday, reaching $0.33. The stock had a trading volume of 6,187 shares, compared to its average volume of 96,718. Linkers Industries has a twelve month low of $0.27 and a twelve month high of $1.18. The business’s fifty day moving average is $0.35 and its two-hundred day moving average is $0.47. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.74 and a current ratio of 4.72.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Linkers Industries in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Linkers Industries presently has a consensus rating of “Sell”.

About Linkers Industries

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.