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

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

Luokung Technology Trading Up 14.2 %

Shares of NASDAQ:LKCO traded up $0.19 during midday trading on Monday, reaching $1.54. 499,034 shares of the company’s stock traded hands, compared to its average volume of 38,191. The company has a fifty day simple moving average of $1.79 and a two-hundred day simple moving average of $2.18. Luokung Technology has a 1 year low of $1.10 and a 1 year high of $7.68.

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 the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 reporting period. 14.62% of the stock is currently owned by institutional investors.

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.