Short Interest in Luokung Technology Corp. (NASDAQ:LKCO) Drops By 21.0%

Luokung Technology Corp. (NASDAQ:LKCO) was the target of a significant 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 short sold. Based on an average daily volume of 51,400 shares, the days-to-cover ratio is currently 0.9 days.

Luokung Technology Stock Performance

Luokung Technology stock traded up $0.04 during midday trading on Friday, reaching $1.70. The stock had a trading volume of 9,826 shares, compared to its average volume of 21,752. The company has a fifty day moving average price of $2.05 and a two-hundred day moving average price of $4.14. Luokung Technology has a 12 month low of $1.57 and a 12 month high of $8.00.

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.