Lucas GC Limited (NASDAQ:LGCL) Sees Significant Drop in Short Interest

Lucas GC Limited (NASDAQ:LGCL) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 18,932 shares, a decrease of 47.2% from the December 31st total of 35,875 shares. Based on an average trading volume of 13,393 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 13,393 shares, the days-to-cover ratio is presently 1.4 days.

Analyst Ratings Changes

Several research analysts have recently weighed in on LGCL shares. Wall Street Zen upgraded shares of Lucas GC to a “hold” rating in a research note on Saturday, October 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Lucas GC in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Lucas GC

An institutional investor recently bought a new position in Lucas GC stock. Murchinson Ltd. acquired a new stake in Lucas GC Limited (NASDAQ:LGCL) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $107,000. Murchinson Ltd. owned about 0.13% of Lucas GC at the end of the most recent reporting period.

Lucas GC Stock Performance

NASDAQ LGCL traded up $0.01 during trading on Friday, reaching $2.11. The company’s stock had a trading volume of 92,201 shares, compared to its average volume of 49,433. The firm has a 50 day moving average price of $2.26 and a 200 day moving average price of $9.68. Lucas GC has a 12 month low of $1.68 and a 12 month high of $50.80.

Lucas GC (NASDAQ:LGCL) last released its quarterly earnings results on Friday, October 31st. The company reported $5.28 earnings per share for the quarter. The business had revenue of $27.00 million during the quarter.

About Lucas GC

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.