Short Interest in Luda Technology Group Limited (NYSEAMERICAN:LUD) Expands By 54.3%

Key Points

• Short interest in Luda Technology Group Limited increased by 54.3% in September, totaling 55,400 shares by the end of the month.
• The stock traded at $9.44 with an average daily volume of 55,200 shares, indicating a short-interest ratio of 1.0 days.
• Luda Technology Group specializes in manufacturing and trading stainless steel and carbon steel flanges and fittings, with a history dating back to its incorporation in Hong Kong in 2004.

Luda Technology Group Limited (NYSEAMERICAN:LUD - ) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 55,400 shares, a growth of 54.3% from the September 15th total of 35,900 shares. Based on an average daily trading volume, of 55,200 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 55,200 shares, the short-interest ratio is currently 1.0 days.

Luda Technology Group Stock Performance

Shares of NYSEAMERICAN LUD traded up $0.33 during trading hours on Wednesday, hitting $9.44. 7,742 shares of the stock were exchanged, compared to its average volume of 23,078. The company's fifty day simple moving average is $10.20 and its two-hundred day simple moving average is $6.56. Luda Technology Group has a 1-year low of $3.40 and a 1-year high of $22.72.

Luda Technology Group Company Profile

We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda HK which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. In 2005, the Company's business expanded further upstream when Luda PRC was set up to commence the manufacturing of flanges and fittings with self-owned factory in China.

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