Lonking Holdings Limited (OTCMKTS:LKHLY) Stock Short Interest Climbs 1,450.0%

Lonking Holdings Limited (OTCMKTS:LKHLY – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 155 shares, an increase of 1,450.0% from the August 31st total of 10 shares. Based on an average daily volume of 145 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Lonking to a “buy” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Check Out Our Latest Stock Report on Lonking

Lonking Price Performance

Shares of OTCMKTS LKHLY opened at $20.45 on Friday. The business’s 50 day moving average price is $18.66 and its two-hundred day moving average price is $18.33. Lonking has a twelve month low of $18.15 and a twelve month high of $23.00.

Lonking Company Profile

(Get Free Report)

Lonking Holdings Limited, trading as OTCMKTS:LKHLY, is a China-based manufacturer and distributor of construction and material handling equipment. Headquartered in Longyan, Fujian Province, the company specializes in the design, development and production of heavy machinery used across infrastructure, mining, agriculture and logistics sectors. Lonking’s product lineup encompasses wheel loaders, excavators, forklift trucks, motor graders, road rollers and related attachments, supported by in-house research and development centers and quality control laboratories.

Founded in 1993, Lonking has grown from a domestic OEM supplier into one of China’s leading construction-equipment brands.

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