Short Interest in Linkage Global Inc (NASDAQ:LGCB) Drops By 44.0%

Linkage Global Inc (NASDAQ:LGCB) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 138,700 shares, a decline of 44.0% from the April 30th total of 247,700 shares. Based on an average daily volume of 385,500 shares, the days-to-cover ratio is currently 0.4 days. Currently, 8.3% of the shares of the stock are short sold.

Linkage Global Stock Up 9.7%

LGCB stock opened at $2.49 on Monday. Linkage Global has a 12 month low of $1.22 and a 12 month high of $57.05. The firm has a 50 day simple moving average of $1.88 and a 200 day simple moving average of $2.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.72 and a quick ratio of 2.71.

Hedge Funds Weigh In On Linkage Global

A hedge fund recently raised its stake in Linkage Global stock. XTX Topco Ltd lifted its holdings in Linkage Global Inc (NASDAQ:LGCB) by 285.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,117 shares of the company’s stock after buying an additional 56,372 shares during the period. XTX Topco Ltd owned about 0.35% of Linkage Global worth $34,000 as of its most recent SEC filing. 0.31% of the stock is currently owned by institutional investors and hedge funds.

Linkage Global Company Profile

Linkage Global Inc, through its subsidiaries, operates as a cross-border e-commerce integrated services provider in Japan, Hong Kong, and Mainland China. It provides cross-border product sales; digital marketing services; and e-commerce operation training and software support services. Linkage Global Inc was founded in 2011 and is headquartered in Tokyo, Japan.