Short Interest in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Declines By 39.9%

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 13,196 shares, a decline of 39.9% from the August 15th total of 21,939 shares. Based on an average trading volume of 251,435 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Lianhe Sowell International Group in a report on Friday, August 14th. Wall Street Zen lowered shares of Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Lianhe Sowell International Group Price Performance

NASDAQ:LHSW traded up $0.01 during trading hours on Thursday, hitting $0.51. 568,159 shares of the company’s stock traded hands, compared to its average volume of 1,779,482. The stock’s fifty day moving average price is $2.67 and its two-hundred day moving average price is $2.82. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.05. Lianhe Sowell International Group has a twelve month low of $0.43 and a twelve month high of $47.52.

Lianhe Sowell International Group (NASDAQ:LHSW) last released its earnings results on Thursday, August 13th. The company reported ($0.79) earnings per share for the quarter. The business had revenue of $8.37 million during the quarter.

About Lianhe Sowell International Group

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.