Short Interest in Linkage Global Inc. (NASDAQ:LGCB) Expands By 389.1%

Linkage Global Inc. (NASDAQ:LGCB) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 54,153 shares, an increase of 389.1% from the April 30th total of 11,072 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 678,170 shares, the short-interest ratio is presently 0.1 days.

Linkage Global Stock Performance

Linkage Global stock remained flat at $0.41 on Thursday. The company’s stock had a trading volume of 4,359,816 shares, compared to its average volume of 440,084. The company has a current ratio of 5.08, a quick ratio of 5.08 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $0.97 and a two-hundred day moving average of $1.48. Linkage Global has a fifty-two week low of $0.28 and a fifty-two week high of $3.10.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Linkage Global in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

About Linkage Global

Linkage Global Inc, through its subsidiaries, operates as a cross-border e-commerce integrated services provider in Japan, Hong Kong, and Mainland China. It provides cross-border product sales; digital marketing services; and e-commerce operation training and software support services. Linkage Global Inc was founded in 2011 and is headquartered in Tokyo, Japan.