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

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

Institutional Trading of Luokung Technology

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

Luokung Technology Trading Up 2.2 %

NASDAQ:LKCO traded up $0.03 during midday trading on Friday, reaching $1.33. 4,713 shares of the stock traded hands, compared to its average volume of 30,806. The business has a 50-day moving average of $1.79 and a two-hundred day moving average of $2.18. Luokung Technology has a 12-month low of $1.10 and a 12-month high of $7.68.

About Luokung Technology

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.