Li Bang International Corporation Inc. (NASDAQ:LBGJ) Short Interest Up 1,206.7% in July

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 903,158 shares, an increase of 1,206.7% from the July 15th total of 69,119 shares. Currently, 9,031.6% of the shares of the stock are short sold. Based on an average daily volume of 179,785,405 shares, the days-to-cover ratio is currently 0.0 days.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 5,430 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $6.00, for a total value of $32,580.00. Following the completion of the sale, the insider directly owned 743 shares of the company’s stock, valued at $4,458. This represents a 87.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Li Bang International Price Performance

Shares of NASDAQ:LBGJ traded down $0.15 during midday trading on Tuesday, reaching $3.09. 167,315 shares of the company were exchanged, compared to its average volume of 1,001,027. The business’s fifty day moving average is $172.22 and its two-hundred day moving average is $3,395.61. Li Bang International has a one year low of $2.90 and a one year high of $35,400.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07.

Li Bang International (NASDAQ:LBGJ) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($257.00) earnings per share (EPS) for the quarter. The business had revenue of $3.14 million for the quarter.

Analysts Set New Price Targets

LBGJ has been the subject of several recent analyst reports. Wall Street Zen raised shares of Li Bang International to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings raised Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently 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.