Iao Kun Group Holding Company Limited (NASDAQ:LINU) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 462,782 shares, a decline of 30.7% from the October 13th total of 668,163 shares. Approximately 6.0% of the company’s shares are short sold. Based on an average trading volume of 1,326,187 shares, the days-to-cover ratio is presently 0.3 days.

Separately, ValuEngine upgraded shares of Iao Kun Group Holding Company Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, August 29th.

Shares of Iao Kun Group Holding Company Limited (NASDAQ:LINU) opened at $1.74 on Tuesday. Iao Kun Group Holding Company Limited has a 52-week low of $0.96 and a 52-week high of $5.34.

TRADEMARK VIOLATION WARNING: This story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/11/14/short-interest-in-iao-kun-group-holding-company-limited-linu-decreases-by-30-7.html.

About Iao Kun Group Holding Company Limited

LiNiu Technology Group, formerly Iao Kun Group Holding Company Limited, is engaged in offering agricultural products and services. The Company offers LiNiu Network platform, which is electronic business to consumer (B2C),customer to customer (C2C) and online to offline (O2O) trading platform focused on the Chinese agricultural industry, at its Website www.liniuyang.com and through its application on the Android mobile operating system.

Receive News & Stock Ratings for Iao Kun Group Holding Company Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iao Kun Group Holding Company Limited and related stocks with our FREE daily email newsletter.