Short Interest in Lucas GC Limited (NASDAQ:LGCL) Increases By 491.6%

Lucas GC Limited (NASDAQ:LGCL) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,719,365 shares, a growth of 491.6% from the August 15th total of 290,608 shares. Based on an average daily volume of 166,619,031 shares, the days-to-cover ratio is currently 0.0 days. Approximately 505.7% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

LGCL has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a report on Friday, July 24th. Wall Street Zen raised shares of Lucas GC to a “hold” rating in a research note on Saturday, September 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lucas GC currently has an average rating of “Sell”.

Institutional Investors Weigh In On Lucas GC

An institutional investor recently bought a new stake in Lucas GC stock. Murchinson Ltd. bought a new stake in shares of Lucas GC Limited (NASDAQ:LGCL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $107,000. Murchinson Ltd. owned approximately 0.13% of Lucas GC at the end of the most recent reporting period.

Lucas GC Stock Down 2.6%

NASDAQ LGCL traded down $0.08 on Friday, reaching $2.99. The company had a trading volume of 49,896 shares, compared to its average volume of 107,309. Lucas GC has a 1 year low of $2.94 and a 1 year high of $924.50. The firm has a 50-day moving average of $108.22 and a 200-day moving average of $178.82.

About Lucas GC

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.