Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Short Interest Update

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 111,851 shares, a drop of 67.0% from the June 15th total of 339,104 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 601,554 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Lianhe Sowell International Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Lianhe Sowell International Group Price Performance

Shares of NASDAQ LHSW opened at $3.45 on Monday. Lianhe Sowell International Group has a 12 month low of $1.12 and a 12 month high of $50.24. The firm’s 50 day simple moving average is $2.92 and its 200-day simple moving average is $4.96.

Lianhe Sowell International Group (NASDAQ:LHSW) last posted its earnings results on Friday, March 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $13.27 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Lianhe Sowell International Group stock. Citadel Advisors LLC bought a new position in shares of Lianhe Sowell International Group Ltd (NASDAQ:LHSW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 20,224 shares of the company’s stock, valued at approximately $42,000.

Lianhe Sowell International Group Company Profile

Lianhe Sowell International Group Ltd. is a holding company, which engages in trading of electronic products and software development. Its products include Intelligent traffic, low voltage Intelligent Integration, Industrial Intelligence, Industrial machine vision, and precision visual Al painting robot. The company was founded by Yue Zhu on April 6, 2007 and is headquartered in Shenzhen, China.