Short Interest in Luokung Technology Corp. (NASDAQ:LKCO) Drops By 30.7%

Luokung Technology Corp. (NASDAQ:LKCO) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 41,900 shares, a decrease of 30.7% from the January 31st total of 60,500 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 71,900 shares, the short-interest ratio is currently 0.6 days.

Luokung Technology Price Performance

Luokung Technology stock traded up $0.04 during trading on Wednesday, reaching $1.64. The company had a trading volume of 2,190 shares, compared to its average volume of 25,971. Luokung Technology has a 52 week low of $1.43 and a 52 week high of $7.68. The firm’s 50-day simple moving average is $1.86 and its 200 day simple moving average is $2.40.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Luokung Technology stock. Citadel Advisors LLC bought a new stake in shares of Luokung Technology Corp. (NASDAQ:LKCO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 quarter. 14.62% of the stock is currently owned by institutional investors.

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.