Linkers Industries Limited (NASDAQ:LNKS) Sees Significant Increase in Short Interest

Linkers Industries Limited (NASDAQ:LNKS) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 89,327 shares, a growth of 351.2% from the December 15th total of 19,796 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,254,010 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 1,254,010 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.7% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Linkers Industries in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Linkers Industries Price Performance

NASDAQ:LNKS traded down $0.01 during midday trading on Tuesday, reaching $0.33. The company had a trading volume of 6,187 shares, compared to its average volume of 96,718. Linkers Industries has a 12-month low of $0.27 and a 12-month high of $1.18. The company has a current ratio of 4.72, a quick ratio of 3.74 and a debt-to-equity ratio of 0.02. The stock’s fifty day simple moving average is $0.35 and its 200-day simple moving average is $0.47.

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.