Linkers Industries Limited (NASDAQ:LNKS) Short Interest Update

Linkers Industries Limited (NASDAQ:LNKS) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 63,818 shares, a drop of 82.4% from the May 31st total of 362,878 shares. Currently, 4.0% of the company’s shares are short sold. Based on an average daily volume of 233,328 shares, the days-to-cover ratio is currently 0.3 days.

Insiders Place Their Bets

In related news, major shareholder Financial Lp Hrt acquired 32,502 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $2.34 per share, for a total transaction of $76,054.68. Following the acquisition, the insider owned 159,782 shares in the company, valued at approximately $373,889.88. This represents a 25.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Linkers Industries Stock Down 7.7%

Shares of NASDAQ LNKS opened at $2.04 on Friday. Linkers Industries has a one year low of $1.14 and a one year high of $420.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.53 and a current ratio of 4.69. The business has a 50-day moving average price of $1.72 and a two-hundred day moving average price of $95.44.

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

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.