Lonking Holdings Limited (OTCMKTS:LKHLY) Sees Large Growth in Short Interest

Lonking Holdings Limited (OTCMKTS:LKHLYGet Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 9 shares, a growth of 125.0% from the May 31st total of 4 shares. Based on an average daily trading volume, of 2 shares, the days-to-cover ratio is presently 4.5 days.

Lonking Price Performance

Lonking stock opened at $18.15 on Tuesday. Lonking has a 12 month low of $8.58 and a 12 month high of $18.29. The business’s fifty day simple moving average is $18.15 and its two-hundred day simple moving average is $18.11.

About Lonking

(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.

Recommended Stories

Receive News & Ratings for Lonking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonking and related companies with MarketBeat.com's FREE daily email newsletter.