Lantronix, Inc. (NASDAQ:LTRX) Sees Large Drop in Short Interest

Lantronix, Inc. (NASDAQ:LTRX) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 367,861 shares, a decrease of 40.4% from the February 26th total of 616,984 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 760,353 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

A number of research firms recently commented on LTRX. Wall Street Zen raised Lantronix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Needham & Company LLC upped their target price on shares of Lantronix from $7.50 to $8.50 and gave the company a “buy” rating in a report on Thursday, February 5th. Craig Hallum reaffirmed a “buy” rating and set a $10.00 price target on shares of Lantronix in a research note on Thursday, February 5th. Lake Street Capital lifted their price target on shares of Lantronix from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.38.

Lantronix Trading Down 3.2%

Lantronix stock traded down $0.18 during trading on Friday, hitting $5.39. The company’s stock had a trading volume of 607,315 shares, compared to its average volume of 1,011,902. The stock’s fifty day moving average is $6.14 and its 200 day moving average is $5.54. Lantronix has a 1-year low of $1.91 and a 1-year high of $8.24. The stock has a market capitalization of $213.93 million, a price-to-earnings ratio of -22.46 and a beta of 1.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 2.75.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $29.77 million for the quarter, compared to analyst estimates of $29.94 million. Lantronix had a negative return on equity of 10.37% and a negative net margin of 7.90%.Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. As a group, equities research analysts predict that Lantronix will post -0.23 EPS for the current year.

Insiders Place Their Bets

In other Lantronix news, insider Mathi Gurusamy sold 14,467 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $6.21, for a total transaction of $89,840.07. Following the completion of the transaction, the insider owned 55,569 shares of the company’s stock, valued at approximately $345,083.49. This trade represents a 20.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Lantronix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bailard Inc. acquired a new position in shares of Lantronix in the 3rd quarter valued at $49,000. R Squared Ltd increased its holdings in shares of Lantronix by 24.3% during the 3rd quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock worth $64,000 after buying an additional 2,754 shares during the last quarter. Invesco Ltd. purchased a new position in shares of Lantronix in the 4th quarter worth $68,000. Bridgeway Capital Management LLC acquired a new position in Lantronix in the third quarter valued at $85,000. Finally, Balyasny Asset Management L.P. acquired a new position in Lantronix in the fourth quarter valued at $86,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.