Linkhome Holdings Inc. (NASDAQ:LHAI) Sees Significant Decrease in Short Interest

Linkhome Holdings Inc. (NASDAQ:LHAI) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 17,644 shares, a decline of 65.2% from the June 15th total of 50,747 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 138,670 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Linkhome in a report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Linkhome Stock Performance

Shares of Linkhome stock opened at $1.15 on Monday. The firm has a 50-day moving average of $1.01 and a 200-day moving average of $2.02. The stock has a market cap of $18.66 million and a PE ratio of -57.50. Linkhome has a 52-week low of $0.53 and a 52-week high of $22.33.

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

Institutional Inflows and Outflows

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

Linkhome Company Profile

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.