Li Bang International Corporation Inc. (NASDAQ:LBGJ) Short Interest Update

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 1,286,798 shares, a growth of 1,769.7% from the February 26th total of 68,824 shares. Based on an average daily trading volume, of 12,551,692 shares, the days-to-cover ratio is presently 0.1 days. Currently, 38.9% of the company’s stock are sold short. Currently, 38.9% of the company’s stock are sold short. Based on an average daily trading volume, of 12,551,692 shares, the days-to-cover ratio is presently 0.1 days.

Li Bang International Stock Down 22.2%

LBGJ stock traded down $0.01 during trading on Tuesday, hitting $0.02. 110,852,321 shares of the company’s stock traded hands, compared to its average volume of 58,459,244. Li Bang International has a 52 week low of $0.02 and a 52 week high of $2.00. The stock has a fifty day moving average price of $0.55 and a two-hundred day moving average price of $0.68. The company has a quick ratio of 1.09, a current ratio of 1.18 and a debt-to-equity ratio of 0.39.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Li Bang International in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, 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.