Interlink Electronics, Inc. (NASDAQ:LINK) Short Interest Down 17.9% in March

Interlink Electronics, Inc. (NASDAQ:LINK) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 16,500 shares, a decline of 17.9% from the March 15th total of 20,100 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Interlink Electronics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC grew its stake in Interlink Electronics by 10.3% in the fourth quarter. IHT Wealth Management LLC now owns 26,978 shares of the technology company’s stock worth $168,000 after purchasing an additional 2,516 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Interlink Electronics during the 4th quarter valued at $177,000. Finally, Geode Capital Management LLC boosted its position in Interlink Electronics by 35.2% during the 4th quarter. Geode Capital Management LLC now owns 41,621 shares of the technology company’s stock worth $259,000 after acquiring an additional 10,827 shares during the period. Institutional investors own 0.44% of the company’s stock.

Interlink Electronics Stock Performance

Shares of LINK stock traded down $0.31 during trading hours on Friday, reaching $5.76. The company had a trading volume of 2,426 shares, compared to its average volume of 30,175. Interlink Electronics has a twelve month low of $3.25 and a twelve month high of $10.90. The stock’s fifty day simple moving average is $6.36 and its 200 day simple moving average is $6.01. The company has a market capitalization of $37.34 million, a P/E ratio of 64.00 and a beta of 0.93.

About Interlink Electronics

Interlink Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells force-sensing technologies that incorporate proprietary materials technology, firmware, and software into sensor-based products and custom sensor system solutions in the United States, Asia, the Middle East, Europe, and internationally.