LZ Technology Holdings Limited (NASDAQ:LZMH) Short Interest Up 14.5% in April

LZ Technology Holdings Limited (NASDAQ:LZMH) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 92,274 shares, an increase of 14.5% from the March 31st total of 80,583 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 290,610 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On LZ Technology

A number of hedge funds have recently bought and sold shares of LZMH. Jane Street Group LLC bought a new position in LZ Technology in the 4th quarter worth about $33,000. PharVision Advisers LLC bought a new position in LZ Technology in the 3rd quarter worth about $58,000. Finally, BNP Paribas Financial Markets bought a new position in LZ Technology in the 2nd quarter worth about $51,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LZ Technology in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, LZ Technology has an average rating of “Sell”.

LZ Technology Stock Performance

Shares of LZMH stock opened at $0.11 on Friday. LZ Technology has a 12 month low of $0.09 and a 12 month high of $32.10. The company’s fifty day moving average price is $1.06 and its 200-day moving average price is $1.74.

LZ Technology Company Profile

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services. For the six months ended June 30, 2024 and 2023, the Company had a total of 168 and 102 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.