LZ Technology Holdings Limited (NASDAQ:LZMH) Short Interest Up 15.7% in February

LZ Technology Holdings Limited (NASDAQ:LZMH) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 48,056 shares, an increase of 15.7% from the February 12th total of 41,549 shares. Based on an average trading volume of 30,677 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 30,677 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of LZ Technology

Several hedge funds have recently modified their holdings of LZMH. BNP Paribas Financial Markets bought a new stake in shares of LZ Technology in the 2nd quarter valued at about $51,000. PharVision Advisers LLC purchased a new stake in LZ Technology during the third quarter valued at approximately $58,000. Finally, Jane Street Group LLC acquired a new stake in LZ Technology in the fourth quarter valued at approximately $33,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LZ Technology in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, LZ Technology has a consensus rating of “Sell”.

LZ Technology Stock Up 2.3%

NASDAQ LZMH traded up $0.03 during midday trading on Tuesday, hitting $1.30. 14,177 shares of the company traded hands, compared to its average volume of 121,590. LZ Technology has a 52 week low of $1.07 and a 52 week high of $32.10. The company’s 50-day simple moving average is $1.27 and its 200-day simple moving average is $2.29.

LZ Technology (NASDAQ:LZMH) last released its quarterly earnings results on Friday, November 21st. The company reported ($0.02) EPS for the quarter. The firm had revenue of $28.89 million during the quarter.

LZ Technology Company Profile

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services. For the six months ended June 30, 2024 and 2023, the Company had a total of 168 and 102 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.