Short Interest in Luokung Technology Corp. (NASDAQ:LKCO) Increases By 621.1%

Luokung Technology Corp. (NASDAQ:LKCO) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 410,300 shares, an increase of 621.1% from the July 31st total of 56,900 shares. Based on an average trading volume of 50,800 shares, the short-interest ratio is presently 8.1 days. Currently, 2.7% of the shares of the company are sold short.

Luokung Technology Price Performance

NASDAQ LKCO opened at $0.68 on Wednesday. The firm has a 50-day moving average price of $0.67 and a 200 day moving average price of $0.67. Luokung Technology has a 52-week low of $0.41 and a 52-week high of $1.20.

About Luokung Technology

Luokung Technology Corp., together with its subsidiaries, engages in the provision of location-based services and mobile application products for long distance rail travelers in the People's Republic of China. It offers Luokuang mobile application, which provides business to customer (B2C) location-based services; and SuperEngine that offers business to business (B2B) and business to government (B2G) services in connection with spatial-temporal big data processing.