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

LZ Technology Holdings Limited (NASDAQ:LZMH) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 93,701 shares, an increase of 118.3% from the May 31st total of 42,920 shares. Based on an average daily volume of 1,186,372 shares, the short-interest ratio is presently 0.1 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On LZ Technology

Several hedge funds and other institutional investors have recently bought and sold shares of LZMH. Jane Street Group LLC acquired a new position in LZ Technology in the 4th quarter valued at about $33,000. BNP Paribas Financial Markets acquired a new stake in shares of LZ Technology during the 2nd quarter worth approximately $51,000. Finally, PharVision Advisers LLC purchased a new stake in shares of LZ Technology during the 3rd quarter valued at approximately $58,000.

LZ Technology Price Performance

Shares of NASDAQ:LZMH traded up $0.06 during midday trading on Wednesday, hitting $1.27. The company had a trading volume of 16,647 shares, compared to its average volume of 327,079. LZ Technology has a twelve month low of $1.03 and a twelve month high of $312.08. The business’s 50-day simple moving average is $1.62 and its 200-day simple moving average is $17.65.

LZ Technology (NASDAQ:LZMH) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($1.20) earnings per share for the quarter. The business had revenue of $51.80 million during the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Weiss Ratings cut shares of LZ Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 12th. Wall Street Zen upgraded LZ Technology to a “hold” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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. For the six months ended June 30, 2024 and 2023, the Company had a total of 168 and 102 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.