Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Rises By 36.6%

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 35,064 shares, a growth of 36.6% from the February 12th total of 25,664 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 19,808 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 19,808 shares, the short-interest ratio is currently 1.8 days. Approximately 1.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Interlink Electronics

Several hedge funds have recently made changes to their positions in the business. Wexford Capital LP purchased a new stake in Interlink Electronics in the third quarter worth $38,000. XTX Topco Ltd purchased a new position in Interlink Electronics during the fourth quarter valued at $40,000. Equitable Holdings Inc. purchased a new position in Interlink Electronics during the fourth quarter valued at $42,000. State Street Corp bought a new stake in shares of Interlink Electronics during the 4th quarter valued at $49,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in shares of Interlink Electronics during the 3rd quarter valued at $61,000.

Interlink Electronics Price Performance

LINK traded up $0.09 during midday trading on Friday, reaching $3.15. 14,943 shares of the company’s stock traded hands, compared to its average volume of 19,302. The firm has a fifty day moving average of $3.46 and a two-hundred day moving average of $4.83. The stock has a market capitalization of $49.61 million and a price-to-earnings ratio of -157.50. Interlink Electronics has a 52 week low of $2.76 and a 52 week high of $10.10.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LINK shares. Wall Street Zen raised Interlink Electronics from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Interlink Electronics in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Interlink Electronics currently has a consensus rating of “Hold” and a consensus price target of $8.67.

About Interlink Electronics

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.