Linkers Industries Limited (NASDAQ:LNKS) Short Interest Update

Linkers Industries Limited (NASDAQ:LNKS) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 215,891 shares, a growth of 66.2% from the February 26th total of 129,927 shares. Based on an average daily volume of 703,820 shares, the short-interest ratio is currently 0.3 days. Currently, 1.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Linkers Industries Stock Down 19.6%

NASDAQ LNKS traded down $0.00 during trading hours on Friday, hitting $0.02. 231,776,557 shares of the company were exchanged, compared to its average volume of 60,853,728. Linkers Industries has a 52 week low of $0.02 and a 52 week high of $1.68. The company has a current ratio of 4.72, a quick ratio of 3.74 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $0.87 and a 200 day moving average price of $0.58.

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.