LZ Technology Holdings Limited (NASDAQ:LZMH) Short Interest Update

LZ Technology Holdings Limited (NASDAQ:LZMH) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 267,900 shares, a drop of 32.9% from the September 30th total of 399,300 shares. Approximately 9.2% of the shares of the stock are short sold. Based on an average trading volume of 482,400 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 482,400 shares, the days-to-cover ratio is presently 0.6 days. Approximately 9.2% of the shares of the stock are short sold.

LZ Technology Price Performance

Shares of LZMH traded down $0.01 during mid-day trading on Tuesday, reaching $3.24. The company’s stock had a trading volume of 69,364 shares, compared to its average volume of 554,076. The business has a fifty day moving average of $3.37 and a 200 day moving average of $8.55. LZ Technology has a 1 year low of $2.35 and a 1 year high of $32.10.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of LZ Technology in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, LZ Technology presently has an average rating of “Sell”.

Institutional Trading of LZ Technology

An institutional investor recently bought a new position in LZ Technology stock. BNP Paribas Financial Markets acquired a new position in shares of LZ Technology Holdings Limited (NASDAQ:LZMH) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,056 shares of the company’s stock, valued at approximately $51,000.

LZ Technology Company Profile

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.