Short Interest in Linkers Industries Limited (NASDAQ:LNKS) Expands By 191.7%

Linkers Industries Limited (NASDAQ:LNKS) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 32,549 shares, a growth of 191.7% from the August 15th total of 11,158 shares. Based on an average daily volume of 115,409 shares, the short-interest ratio is currently 0.3 days. Currently, 2.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LNKS. Weiss Ratings restated a “sell (e+)” rating on shares of Linkers Industries in a research report on Monday, July 6th. Wall Street Zen raised Linkers Industries from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt purchased 32,502 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average price of $2.34 per share, with a total value of $76,054.68. Following the completion of the purchase, the insider directly owned 159,782 shares in the company, valued at $373,889.88. This trade represents a 25.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders bought 56,996 shares of company stock valued at $120,937 and sold 37,222 shares valued at $57,325.

Linkers Industries Stock Up 3.0%

LNKS stock traded up $0.03 during trading on Monday, reaching $1.03. 13,540 shares of the company were exchanged, compared to its average volume of 80,180. The company has a 50-day moving average of $1.10 and a two-hundred day moving average of $33.29. Linkers Industries has a twelve month low of $0.76 and a twelve month high of $420.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.69 and a quick ratio of 3.53.

About Linkers Industries

Linkers Industries Ltd. is a holding company, which engages in the business of manufacturing, supplying, and selling connectors, assemblies, wire, and cable harnesses. It operates through the following geographical segments: Thailand, Malaysia, Switzerland, the United States of America, and Others. The company was founded on December 8, 2022 and is headquartered in Sungai Petani, Malaysia.