Short Interest in Luk Fook Holdings (OTCMKTS:LKFLF) Expands By 300.0%

Key Points

• Short interest in Luk Fook Holdings increased by an astonishing 300.0% in September, rising to 400 shares from 100 shares at the end of August.
• The company's stock price fell 1.6% to $3.10 during mid-day trading, with a notable trading volume of 1,800 shares.
• Luk Fook's debt-to-equity ratio is currently low at 0.02, indicating a strong financial position relative to its debt obligations.

Luk Fook Holdings (OTCMKTS:LKFLF - ) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 400 shares, an increase of 300.0% from the August 31st total of 100 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 2.0 days.

Luk Fook Stock Down 1.6%

Shares of OTCMKTS LKFLF traded down $0.05 during mid-day trading on Thursday, hitting $3.10. The stock had a trading volume of 1,800 shares, compared to its average volume of 350. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.14 and a quick ratio of 0.66. The company has a 50 day moving average of $3.12 and a two-hundred day moving average of $2.58. Luk Fook has a twelve month low of $2.10 and a twelve month high of $3.52.

Luk Fook Company Profile

Luk Fook Holdings (International) Limited, an investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products. It offers ring and pair rings, necklaces, pendants, earrings, bangles and bracelets, charms, figurines, accessories, and other products of various materials comprising diamond, gold, platinum, jadeite, gemstone, pearl, and silver materials.

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