Linkers Industries Limited (NASDAQ:LNKS) Stock Short Interest Falls 83.9%

Linkers Industries Limited (NASDAQ:LNKS) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,306 shares, a drop of 83.9% from the September 15th total of 33,016 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 13,434 shares, the short-interest ratio is currently 0.4 days.

Linkers Industries Trading Up 12.6%

Shares of NASDAQ LNKS traded up $0.11 during midday trading on Friday, hitting $0.95. The company’s stock had a trading volume of 2,513,460 shares, compared to its average volume of 16,812. The business’s fifty day simple moving average is $0.97 and its two-hundred day simple moving average is $1.78. Linkers Industries has a 1 year low of $0.76 and a 1 year high of $420.00.

Linkers Industries (NASDAQ:LNKS) last announced its earnings results on Thursday, October 8th. The company reported $4.84 earnings per share for the quarter. The business had revenue of $1.41 million for the quarter.

Analysts Set New Price Targets

LNKS has been the subject of several research reports. Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Linkers Industries in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Linkers Industries 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.