Short Interest in Linkers Industries Limited (NASDAQ:LNKS) Declines By 81.7%

Linkers Industries Limited (NASDAQ:LNKS) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 11,684 shares, a decline of 81.7% from the June 15th total of 63,818 shares. Based on an average daily trading volume, of 8,204,767 shares, the short-interest ratio is presently 0.0 days. Approximately 0.7% of the shares of the stock are sold short.

Insider Buying and Selling at Linkers Industries

In other news, major shareholder Financial Lp Hrt sold 21,059 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $1.49, for a total value of $31,377.91. Following the completion of the sale, the insider owned 140,759 shares in the company, valued at $209,730.91. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders acquired 49,151 shares of company stock valued at $109,562 and sold 37,222 shares valued at $57,325.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen raised Linkers Industries from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Linkers Industries in a research note on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Linkers Industries currently has an average rating of “Sell”.

Linkers Industries Stock Down 0.7%

Shares of NASDAQ:LNKS traded down $0.01 during mid-day trading on Friday, hitting $1.42. The stock had a trading volume of 35,818 shares, compared to its average volume of 4,242,759. The company’s 50 day moving average is $1.67 and its 200-day moving average is $89.09. Linkers Industries has a 12-month low of $1.14 and a 12-month high of $420.00. The company has a quick ratio of 3.53, a current ratio of 4.69 and a debt-to-equity ratio of 0.02.

Linkers Industries (NASDAQ:LNKS) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($6.54) earnings per share for the quarter. The business had revenue of $1.35 million for the quarter.

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.