Short Interest in Li Bang International Corporation Inc. (NASDAQ:LBGJ) Declines By 24.8%

Li Bang International Corporation Inc. (NASDAQ:LBGJ) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 35,755 shares, a drop of 24.8% from the December 31st total of 47,528 shares. Based on an average daily volume of 150,160 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.1% of the company’s stock are sold short. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 150,160 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Li Bang International in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Li Bang International currently has an average rating of “Sell”.

Li Bang International Price Performance

NASDAQ LBGJ traded up $0.00 during trading hours on Tuesday, hitting $0.85. 49,126 shares of the company were exchanged, compared to its average volume of 86,088. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.18 and a quick ratio of 1.09. The company has a 50 day moving average of $0.68 and a two-hundred day moving average of $0.88. Li Bang International has a 52-week low of $0.42 and a 52-week high of $2.93.

Li Bang International Company Profile

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.