Luokung Technology Corp. (NASDAQ:LKCO) Short Interest Down 28.6% in October

Luokung Technology Corp. (NASDAQ:LKCO) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 61,800 shares, a drop of 28.6% from the October 15th total of 86,500 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average daily trading volume, of 49,800 shares, the days-to-cover ratio is presently 1.2 days.

Luokung Technology Trading Down 1.8 %

Shares of Luokung Technology stock traded down $0.03 on Thursday, reaching $1.66. 18,266 shares of the stock were exchanged, compared to its average volume of 22,093. The business has a fifty day moving average price of $2.63 and a two-hundred day moving average price of $4.36. Luokung Technology has a 1-year low of $1.57 and a 1-year 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.