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

Luokung Technology Corp. (NASDAQ:LKCO) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 26,100 shares, a drop of 37.7% from the February 13th total of 41,900 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 76,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Luokung Technology

An institutional investor recently bought a new position in Luokung Technology stock. Citadel Advisors LLC bought a new position in Luokung Technology Corp. (NASDAQ:LKCO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 37,691 shares of the company’s stock, valued at approximately $69,000. Citadel Advisors LLC owned approximately 0.55% of Luokung Technology at the end of the most recent quarter. Institutional investors own 14.62% of the company’s stock.

Luokung Technology Price Performance

LKCO traded up $0.03 during midday trading on Friday, reaching $1.33. The company’s stock had a trading volume of 4,713 shares, compared to its average volume of 30,806. Luokung Technology has a 1 year low of $1.10 and a 1 year high of $7.68. The stock’s 50-day moving average is $1.79 and its 200-day moving average is $2.23.

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.