Linkhome Holdings Inc. (NASDAQ:LHAI) Sees Large Decline in Short Interest

Linkhome Holdings Inc. (NASDAQ:LHAI) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 670,475 shares, a drop of 28.6% from the December 31st total of 939,008 shares. Based on an average daily volume of 487,144 shares, the days-to-cover ratio is presently 1.4 days. Currently, 4.1% of the shares of the company are sold short. Currently, 4.1% of the shares of the company are sold short. Based on an average daily volume of 487,144 shares, the days-to-cover ratio is presently 1.4 days.

Linkhome Stock Down 13.7%

Shares of Linkhome stock opened at $1.39 on Friday. Linkhome has a 52 week low of $1.30 and a 52 week high of $22.33. The firm has a 50-day simple moving average of $8.42. The stock has a market capitalization of $22.56 million and a P/E ratio of 34.76.

Institutional Investors Weigh In On Linkhome

Several institutional investors and hedge funds have recently modified their holdings of LHAI. Millennium Management LLC purchased a new position in shares of Linkhome in the third quarter worth $268,000. Citadel Advisors LLC bought a new position in shares of Linkhome during the 3rd quarter valued at about $120,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Linkhome in the fourth quarter worth about $87,000.

Analyst Ratings Changes

A number of brokerages have commented on LHAI. Weiss Ratings started coverage on Linkhome in a research report on Friday, October 17th. They issued a “sell (e-)” rating for the company. Wall Street Zen lowered shares of Linkhome from a “hold” rating to a “sell” rating in a report on Saturday, January 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Linkhome presently has a consensus rating of “Sell”.

About Linkhome

Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.