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

Linkhome Holdings Inc. (NASDAQ:LHAI) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 294,923 shares, a decrease of 45.4% from the September 15th total of 539,891 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily volume of 215,622 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Linkhome to a “sell” rating in a research report on Saturday, September 19th. Weiss Ratings raised shares of Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Linkhome Stock Performance

Shares of NASDAQ:LHAI traded down $0.02 during trading hours on Friday, reaching $0.85. The stock had a trading volume of 599,436 shares, compared to its average volume of 128,987. Linkhome has a 1 year low of $0.53 and a 1 year high of $15.66. The firm’s 50 day moving average is $0.98 and its 200-day moving average is $1.01. The stock has a market capitalization of $14.05 million, a price-to-earnings ratio of -28.33 and a beta of -0.07.

Linkhome (NASDAQ:LHAI) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $5.41 million for the quarter. Linkhome had a negative return on equity of 7.86% and a negative net margin of 2.83%.

Insider Activity at Linkhome

In related news, CEO Zhen Qin sold 625,000 shares of Linkhome stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $0.80, for a total transaction of $500,000.00. Following the transaction, the chief executive officer owned 3,820,000 shares in the company, valued at approximately $3,056,000. This trade represents a 14.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 31.24% of the company’s stock.

About Linkhome

Linkhome Holdings Inc is a China-based real estate services company that operates through the Linkhome brand. The company focuses on housing rental and related property services, serving as an intermediary between property owners and tenants.

Its business activities include real estate brokerage, rental management, and property management services. Linkhome’s offerings are designed to support the leasing and administration of residential properties, including assistance with tenant placement and ongoing property-related services.

The company’s operations are concentrated in China.