Luokung Technology Corp. (NASDAQ:LKCO – Get Rating) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 63,100 shares, a decrease of 97.7% from the February 28th total of 2,770,000 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 78,900 shares, the days-to-cover ratio is currently 0.8 days.
Luokung Technology Trading Down 12.1 %
Shares of LKCO stock traded down $0.22 during trading hours on Monday, hitting $1.60. 587,655 shares of the company's stock were exchanged, compared to its average volume of 85,184. The firm has a 50 day moving average of $0.27 and a two-hundred day moving average of $0.21. Luokung Technology has a fifty-two week low of $1.52 and a fifty-two week high of $18.45.
Get Luokung Technology alerts:Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Luokung Technology during the 2nd quarter worth approximately $50,000. State Street Corp raised its stake in Luokung Technology by 46.3% in the 1st quarter. State Street Corp now owns 860,070 shares of the company's stock valued at $442,000 after purchasing an additional 272,376 shares during the last quarter. Finally, Sicart Associates LLC raised its stake in Luokung Technology by 44.0% in the 4th quarter. Sicart Associates LLC now owns 5,730,941 shares of the company's stock valued at $868,000 after purchasing an additional 1,750,000 shares during the last quarter. 1.42% of the stock is owned by institutional investors and hedge funds.
About Luokung Technology
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Luokung Technology Corp. operates as a graphics data processing technology company. It engages in the provision of interactive location-based services. The firm's products include a location-based service, under the Luokung brand. It provides personalized and specific services to long distance travelers on the train and at the destination.
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