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

Luokung Technology Corp. (NASDAQ:LKCO) saw a significant 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. Based on an average daily volume of 76,500 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the company’s shares are short sold.

Luokung Technology Stock Up 2.2 %

NASDAQ:LKCO traded up $0.03 during mid-day trading on Friday, reaching $1.33. 4,713 shares of the company’s stock traded hands, compared to its average volume of 30,806. The company has a 50 day moving average price of $1.79 and a 200-day moving average price of $2.23. Luokung Technology has a 12-month low of $1.10 and a 12-month high of $7.68.

Institutional Investors Weigh In On Luokung Technology

An institutional investor recently bought a new position in Luokung Technology stock. Citadel Advisors LLC acquired a new stake in shares of Luokung Technology Corp. (NASDAQ:LKCO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 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 hedge funds and other 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.