Linkers Industries Limited (NASDAQ:LNKS) Short Interest Update

Linkers Industries Limited (NASDAQ:LNKS) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 11,158 shares, an increase of 51.0% from the July 30th total of 7,390 shares. Based on an average daily trading volume, of 422,645 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.7% of the company’s shares are short sold.

Insider Buying and Selling at Linkers Industries

In other news, major shareholder Financial Lp Hrt purchased 32,502 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of $2.34 per share, for a total transaction of $76,054.68. Following the completion of the acquisition, the insider directly owned 159,782 shares of the company’s stock, valued at $373,889.88. The trade was a 25.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have purchased 56,996 shares of company stock valued at $120,937 and have sold 37,222 shares valued at $57,325.

Linkers Industries Trading Up 0.2%

LNKS traded up $0.00 during midday trading on Tuesday, hitting $0.81. 2,813 shares of the company’s stock traded hands, compared to its average volume of 1,174,707. The stock’s fifty day simple moving average is $1.27 and its 200-day simple moving average is $54.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.69 and a quick ratio of 3.53. Linkers Industries has a one year low of $0.76 and a one year high of $420.00.

Analysts Set New Price Targets

Several research firms have weighed in on LNKS. Weiss Ratings reiterated a “sell (e+)” rating on shares of Linkers Industries in a research report on Monday, July 6th. Wall Street Zen upgraded Linkers Industries from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.