Luokung Technology Corp. (NASDAQ:LKCO – Get Free Report) 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
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