Lucas GC Limited (NASDAQ:LGCL) Short Interest Update

Lucas GC Limited (NASDAQ:LGCL) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,719,365 shares, a growth of 491.6% from the August 15th total of 290,608 shares. Approximately 505.7% of the company’s shares are short sold. Based on an average daily volume of 166,619,031 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Lucas GC to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucas GC in a research note on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Lucas GC

A hedge fund recently bought a new position in Lucas GC stock. Boothbay Fund Management LLC acquired a new position in shares of Lucas GC Limited (NASDAQ:LGCL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,500 shares of the company’s stock, valued at approximately $29,000.

Lucas GC Stock Up 2.6%

Shares of NASDAQ LGCL traded up $0.08 during mid-day trading on Friday, hitting $3.15. The company had a trading volume of 173,338 shares, compared to its average volume of 826,563. The business’s 50-day simple moving average is $104.16 and its 200 day simple moving average is $177.59. Lucas GC has a 1-year low of $2.94 and a 1-year high of $924.50.

About Lucas GC

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.