Lucas GC Limited (NASDAQ:LGCL) Sees Large Decline in Short Interest

Lucas GC Limited (NASDAQ:LGCL) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 12,943 shares, a decrease of 99.2% from the August 31st total of 1,719,365 shares. Based on an average daily trading volume, of 202,845 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.8% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LGCL. Wall Street Zen upgraded shares of Lucas GC to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucas GC in a research report on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Lucas GC presently has a consensus rating of “Sell”.

Lucas GC Price Performance

Shares of LGCL traded down $0.11 during trading hours on Thursday, reaching $3.05. The company’s stock had a trading volume of 78,093 shares, compared to its average volume of 639,632. Lucas GC has a 1-year low of $2.66 and a 1-year high of $875.00. The company has a 50 day moving average of $75.46 and a two-hundred day moving average of $163.90.

About Lucas GC

Lucas GC Limited (NASDAQ: LGCL) is a financial services company that provides investment and capital markets-related services. Its business activities include securities brokerage, corporate finance advisory, asset management and investment advisory services.

The company primarily serves corporate clients, institutional investors and high-net-worth individuals. Its offerings are designed to support clients with investment execution, fundraising, financial planning and other capital markets needs.

Lucas GC is headquartered in Hong Kong and conducts its business through operating subsidiaries.