Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Shares Shorted: Short Interest Down 48.3% in October

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 315,482 shares, a decrease of 48.3% from the September 30th total of 610,479 shares. Based on an average daily volume of 3,001,318 shares, the days-to-cover ratio is presently 0.1 days. Currently, 11.0% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Lianhe Sowell International Group Price Performance

LHSW traded down $0.49 on Friday, reaching $4.33. The company had a trading volume of 17,787 shares, compared to its average volume of 480,812. The business has a 50 day simple moving average of $10.28 and a 200 day simple moving average of $26.39. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. Lianhe Sowell International Group has a 52-week low of $3.05 and a 52-week high of $262.40.

Lianhe Sowell International Group (NASDAQ:LHSW) last released its quarterly earnings results on Thursday, August 13th. The company reported ($6.32) EPS for the quarter. The business had revenue of $8.37 million for the quarter.

About Lianhe Sowell International Group

Lianhe Sowell International Group Limited (NASDAQ: LHSW) is an industrial automation company focused on providing equipment and solutions for manufacturers. Its business centers on the design, development and production of automated machinery and related systems intended to improve manufacturing efficiency and production processes.

The company provides customized automation solutions that may include automated production-line equipment, robotic systems, assembly and testing machinery, and related integration services.