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

Luokung Technology Corp. (NASDAQ:LKCO) saw a large decline in short interest in the month of 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 trading volume of 76,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Luokung Technology

A hedge fund recently bought a new stake in Luokung Technology stock. Citadel Advisors LLC purchased a new stake in Luokung Technology Corp. (NASDAQ:LKCO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 37,691 shares of the company’s stock, valued at approximately $69,000. Citadel Advisors LLC owned approximately 0.55% of Luokung Technology as of its most recent filing with the SEC. 14.62% of the stock is owned by hedge funds and other institutional investors.

Luokung Technology Stock Up 2.2 %

Shares of LKCO traded up $0.03 during trading hours on Friday, reaching $1.33. 4,713 shares of the company traded hands, compared to its average volume of 30,806. Luokung Technology has a 12-month low of $1.10 and a 12-month high of $7.68. The stock’s fifty day moving average price is $1.79 and its 200 day moving average price is $2.18.

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.