Luokung Technology Corp. (NASDAQ:LKCO) Short Interest Update

Luokung Technology Corp. (NASDAQ:LKCO) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 48,800 shares, a drop of 21.0% from the October 31st total of 61,800 shares. Approximately 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 51,400 shares, the short-interest ratio is presently 0.9 days.

Luokung Technology Stock Performance

NASDAQ:LKCO opened at $1.66 on Friday. Luokung Technology has a 52 week low of $1.57 and a 52 week high of $8.00. The company has a fifty day simple moving average of $2.07 and a two-hundred day simple moving average of $4.16.

Luokung Technology Company Profile

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.