Li Bang International Corporation Inc. (NASDAQ:LBGJ) Short Interest Down 23.4% in December

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 47,528 shares, a decline of 23.4% from the December 15th total of 62,030 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average trading volume of 72,287 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 72,287 shares, the short-interest ratio is currently 0.7 days. Currently, 1.4% of the company’s shares are short sold.

Li Bang International Trading Up 3.7%

LBGJ stock traded up $0.03 during trading hours on Friday, reaching $0.75. 26,517 shares of the stock were exchanged, compared to its average volume of 111,538. The firm’s 50-day moving average is $0.66 and its 200-day moving average is $0.93. Li Bang International has a 12 month low of $0.42 and a 12 month high of $3.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.18 and a quick ratio of 1.09.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Li Bang International in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

About Li Bang International

Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Li Bang International Corporation Inc is based in Jiangyin, China.