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

Luokung Technology Corp. (NASDAQ:LKCO) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 33,500 shares, a decrease of 88.3% from the August 31st total of 286,300 shares. Based on an average daily trading volume, of 14,300 shares, the short-interest ratio is presently 2.3 days. Approximately 1.8% of the shares of the stock are short sold.

Luokung Technology Trading Down 12.6 %

Shares of Luokung Technology stock traded down $0.34 during mid-day trading on Wednesday, reaching $2.36. 50,551 shares of the stock were exchanged, compared to its average volume of 12,788. Luokung Technology has a fifty-two week low of $2.36 and a fifty-two week high of $8.00. The firm has a 50-day simple moving average of $0.89 and a 200 day simple moving average of $0.74.

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.