Linkhome Holdings Inc. (NASDAQ:LHAI) Short Interest Up 147.7% in May

Linkhome Holdings Inc. (NASDAQ:LHAI) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 63,600 shares, an increase of 147.7% from the April 30th total of 25,676 shares. Based on an average daily volume of 751,563 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Linkhome from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Linkhome has a consensus rating of “Sell”.

Insider Buying and Selling

In other Linkhome news, CEO Zhen Qin sold 1,413,333 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $1.50, for a total value of $2,119,999.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new position in shares of Linkhome during the fourth quarter valued at approximately $87,000. Cerity Partners LLC acquired a new stake in Linkhome in the fourth quarter worth approximately $91,000. Citadel Advisors LLC bought a new position in Linkhome during the 3rd quarter valued at $120,000. Goldman Sachs Group Inc. bought a new position in Linkhome during the 4th quarter valued at $101,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Linkhome during the 4th quarter valued at $175,000.

Linkhome Stock Down 2.3%

Shares of NASDAQ LHAI opened at $0.92 on Friday. The stock has a market cap of $14.85 million and a P/E ratio of -45.75. The firm’s 50-day simple moving average is $1.10 and its 200 day simple moving average is $4.40. Linkhome has a fifty-two week low of $0.53 and a fifty-two week high of $22.33.

Linkhome (NASDAQ:LHAI) last announced its earnings results on Wednesday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $4.91 million during the quarter. Linkhome had a negative net margin of 2.21% and a negative return on equity of 7.17%.

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.