Li Bang International Corporation Inc. (NASDAQ:LBGJ) Sees Significant Growth in Short Interest

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,286,798 shares, a growth of 1,769.7% from the February 26th total of 68,824 shares. Based on an average trading volume of 12,551,692 shares, the days-to-cover ratio is currently 0.1 days. Currently, 38.9% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Li Bang International in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Li Bang International Stock Down 28.3%

NASDAQ LBGJ traded down $0.00 on Thursday, hitting $0.01. 87,448,766 shares of the stock were exchanged, compared to its average volume of 48,673,676. Li Bang International has a fifty-two week low of $0.01 and a fifty-two week high of $2.00. The company has a 50-day moving average price of $0.54 and a 200-day moving average price of $0.67. The company has a current ratio of 1.18, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

Li Bang International’s stock is going to reverse split on Friday, March 27th. The 1-100 reverse split was announced on Tuesday, March 24th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, March 26th.

Li Bang International Company Profile

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.