Linkers Industries Limited (NASDAQ:LNKS) Sees Large Growth in Short Interest

Linkers Industries Limited (NASDAQ:LNKS) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 715,351 shares, a growth of 468.9% from the April 30th total of 125,740 shares. Approximately 44.5% of the company’s shares are short sold. Based on an average daily volume of 3,147,876 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Linkers Industries to a “strong sell” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Linkers Industries has a consensus rating of “Sell”.

Linkers Industries Stock Up 33.0%

Shares of NASDAQ:LNKS traded up $0.46 during midday trading on Thursday, reaching $1.84. 5,066,958 shares of the company traded hands, compared to its average volume of 973,629. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.53 and a current ratio of 4.69. Linkers Industries has a 12 month low of $1.14 and a 12 month high of $420.00. The firm’s fifty day moving average price is $16.03 and its two-hundred day moving average price is $108.44.

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

Linkers Industries Company Profile

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.