Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Stock Short Interest Report for October

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 25,697 shares, a drop of 91.9% from the October 15th total of 315,482 shares. Based on an average daily volume of 499,869 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are sold short.

Lianhe Sowell International Group Stock Down 10.2%

LHSW stock traded down $0.39 during mid-day trading on Tuesday, reaching $3.42. The company’s stock had a trading volume of 12,954 shares, compared to its average volume of 436,083. Lianhe Sowell International Group has a 12 month low of $3.05 and a 12 month high of $247.04. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average price is $7.42 and its 200 day moving average price is $23.61.

Lianhe Sowell International Group (NASDAQ:LHSW) last released its quarterly earnings data on Thursday, August 13th. The company reported ($6.32) earnings per share for the quarter. The firm had revenue of $8.37 million for the quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LHSW. Weiss Ratings reissued a “sell (d)” rating on shares of Lianhe Sowell International Group in a report on Friday, August 14th. Wall Street Zen lowered shares of Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Lianhe Sowell International Group has a consensus rating of “Sell”.

Lianhe Sowell International Group Company Profile

Lianhe Sowell International Group Limited (NASDAQ: LHSW) is an industrial automation company focused on providing equipment and solutions for manufacturers. Its business centers on the design, development and production of automated machinery and related systems intended to improve manufacturing efficiency and production processes. The company provides customized automation solutions that may include automated production-line equipment, robotic systems, assembly and testing machinery, and related integration services.