Lantronix, Inc. (NASDAQ:LTRX) Short Interest Update

Lantronix, Inc. (NASDAQ:LTRX) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 965,615 shares, a growth of 85.5% from the May 31st total of 520,506 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average trading volume of 1,242,044 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Lantronix

A number of hedge funds and other institutional investors have recently bought and sold shares of LTRX. Jane Street Group LLC grew its position in Lantronix by 19.7% in the first quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock valued at $178,000 after purchasing an additional 11,728 shares in the last quarter. XTX Topco Ltd bought a new stake in Lantronix during the 2nd quarter worth about $86,000. Marshall Wace LLP lifted its position in Lantronix by 10.6% during the 2nd quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock worth $1,280,000 after buying an additional 42,838 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in shares of Lantronix during the 2nd quarter worth about $302,000. Finally, Vanguard Group Inc. grew its holdings in shares of Lantronix by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock valued at $6,795,000 after acquiring an additional 40,890 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Trading Up 0.7%

Shares of LTRX stock traded up $0.04 on Wednesday, hitting $5.92. The stock had a trading volume of 1,267,715 shares, compared to its average volume of 1,076,482. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. Lantronix has a twelve month low of $2.77 and a twelve month high of $8.75. The company has a fifty day moving average price of $6.57 and a two-hundred day moving average price of $6.20. The firm has a market cap of $260.36 million, a P/E ratio of -34.82 and a beta of 1.64.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.The business had revenue of $30.18 million for the quarter, compared to analyst estimates of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. As a group, analysts forecast that Lantronix will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LTRX shares. Needham & Company LLC initiated coverage on shares of Lantronix in a research report on Friday, June 12th. They set a “buy” rating and a $11.00 price target on the stock. Canaccord Genuity Group initiated coverage on shares of Lantronix in a research note on Monday, June 8th. They set a “buy” rating and a $10.50 price target on the stock. Wall Street Zen cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. UBS Group reiterated a “buy” rating on shares of Lantronix in a research report on Friday, June 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lantronix presently has an average rating of “Moderate Buy” and an average price target of $9.88.

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.