Interlink Electronics, Inc. (NASDAQ:LINK) Short Interest Down 61.5% in May

Interlink Electronics, Inc. (NASDAQ:LINK) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 49,361 shares, a drop of 61.5% from the May 14th total of 128,357 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 79,225 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Interlink Electronics presently has an average rating of “Hold” and an average price target of $8.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LINK. Wexford Capital LP purchased a new position in shares of Interlink Electronics in the 3rd quarter valued at $38,000. XTX Topco Ltd purchased a new position in shares of Interlink Electronics in the 4th quarter valued at $40,000. Equitable Holdings Inc. purchased a new position in shares of Interlink Electronics in the 4th quarter valued at $42,000. State Street Corp purchased a new position in shares of Interlink Electronics in the 4th quarter valued at $49,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Interlink Electronics by 50.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock valued at $166,000 after acquiring an additional 14,225 shares during the period.

Interlink Electronics Trading Down 1.8%

Shares of NASDAQ:LINK traded down $0.08 on Friday, reaching $4.39. The company had a trading volume of 8,511 shares, compared to its average volume of 54,266. Interlink Electronics has a 52-week low of $2.66 and a 52-week high of $10.10. The firm’s 50 day simple moving average is $3.83 and its 200-day simple moving average is $3.62. The firm has a market capitalization of $69.14 million and a PE ratio of -54.88.

Interlink Electronics (NASDAQ:LINK) last announced its quarterly earnings results on Thursday, May 14th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Interlink Electronics had a negative return on equity of 13.62% and a negative net margin of 10.41%.The business had revenue of $3.07 million for the quarter, compared to the consensus estimate of $3.30 million.

Interlink Electronics Company Profile

Interlink Electronics, Inc is a California-based company specializing in the design, development and manufacture of human interface technologies. The company’s core focus is on force-sensing and touch-sensitive solutions that enable intuitive control and feedback in electronic devices. Interlink holds proprietary intellectual property in the field of force-sensing resistors (FSRs) and related sensor technologies, giving it a distinct position in the market for tactile input components.

Interlink’s product portfolio includes thin-film force-sensing resistors, membrane keypads, touchpads and programmable touch-feedback modules.