Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Sees Large Decrease in Short Interest

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 111,851 shares, a drop of 67.0% from the June 15th total of 339,104 shares. Based on an average daily volume of 601,554 shares, the days-to-cover ratio is currently 0.2 days. Approximately 3.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Lianhe Sowell International Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Lianhe Sowell International Group Price Performance

Lianhe Sowell International Group stock traded down $0.04 during midday trading on Wednesday, hitting $2.50. 34,916 shares of the stock were exchanged, compared to its average volume of 1,126,384. The stock’s 50-day simple moving average is $2.87 and its 200 day simple moving average is $4.86. Lianhe Sowell International Group has a fifty-two week low of $1.12 and a fifty-two week high of $50.24.

Lianhe Sowell International Group (NASDAQ:LHSW) last posted its earnings results on Friday, March 27th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $13.27 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lianhe Sowell International Group stock. Citadel Advisors LLC bought a new position in shares of Lianhe Sowell International Group Ltd (NASDAQ:LHSW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,224 shares of the company’s stock, valued at approximately $42,000.

Lianhe Sowell International Group Company Profile

Lianhe Sowell International Group Ltd. is a holding company, which engages in trading of electronic products and software development. Its products include Intelligent traffic, low voltage Intelligent Integration, Industrial Intelligence, Industrial machine vision, and precision visual Al painting robot. The company was founded by Yue Zhu on April 6, 2007 and is headquartered in Shenzhen, China.