Linkers Industries Limited (NASDAQ:LNKS) Shares Shorted: Short Interest Up 1,586.7% in October

Linkers Industries Limited (NASDAQ:LNKS) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 89,495 shares, an increase of 1,586.7% from the September 30th total of 5,306 shares. Approximately 5.1% of the company’s shares are short sold. Based on an average trading volume of 14,995,525 shares, the short-interest ratio is currently 0.0 days.

Linkers Industries Price Performance

Shares of LNKS stock traded down $0.01 during mid-day trading on Wednesday, hitting $0.60. The company had a trading volume of 10,747 shares, compared to its average volume of 1,756,768. Linkers Industries has a 52-week low of $0.58 and a 52-week high of $420.00. The stock’s 50 day moving average price is $0.92 and its 200-day moving average price is $56.60.

Linkers Industries (NASDAQ:LNKS) last posted its earnings results on Thursday, October 8th. The company reported $4.84 earnings per share for the quarter. The business had revenue of $1.41 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Linkers Industries in a report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

Linkers Industries Company Profile

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.