Interlink Electronics, Inc. (NASDAQ:LINK) Shares Shorted: Short Interest Down 38.1% in October

Interlink Electronics, Inc. (NASDAQ:LINK) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 26,955 shares, a decline of 38.1% from the September 30th total of 43,556 shares. Based on an average trading volume of 32,567 shares, the short-interest ratio is presently 0.8 days. Approximately 0.8% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Interlink Electronics in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Interlink Electronics presently has an average rating of “Sell”.

Interlink Electronics Trading Down 7.4%

Interlink Electronics stock opened at $3.50 on Wednesday. The company has a fifty day simple moving average of $5.01 and a 200-day simple moving average of $4.17. Interlink Electronics has a 12-month low of $2.66 and a 12-month high of $6.50. The stock has a market cap of $55.12 million and a P/E ratio of -49.99.

Interlink Electronics (NASDAQ:LINK) last announced its quarterly earnings results on Thursday, August 13th. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $3.77 million during the quarter, compared to analysts’ expectations of $3.10 million. Interlink Electronics had a negative return on equity of 12.38% and a negative net margin of 8.95%.

Interlink Electronics Company Profile

Interlink Electronics, Inc develops and supplies human-machine interface and sensor technologies that enable users and equipment to detect touch, force, pressure, and other forms of physical interaction. Its products are designed to connect people with electronic systems and are used in applications that require compact, reliable, and customizable sensing solutions.

The company’s offerings include force-sensing resistors, touch and pressure sensors, sensor arrays, control panels, and related interface components.