LZ Technology Holdings Limited (NASDAQ:LZMH) Short Interest Update

LZ Technology Holdings Limited (NASDAQ:LZMH) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 86,744 shares, a decrease of 17.5% from the January 15th total of 105,203 shares. Based on an average daily trading volume, of 109,117 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 109,117 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of LZ Technology

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in LZ Technology in the fourth quarter valued at about $33,000. BNP Paribas Financial Markets acquired a new stake in LZ Technology during the second quarter worth about $51,000. Finally, PharVision Advisers LLC bought a new position in LZ Technology in the 3rd quarter valued at about $58,000.

LZ Technology Price Performance

NASDAQ:LZMH traded down $0.04 during mid-day trading on Monday, reaching $1.12. 5,935 shares of the company’s stock were exchanged, compared to its average volume of 185,916. LZ Technology has a one year low of $1.07 and a one year high of $32.10. The business’s fifty day simple moving average is $1.39 and its two-hundred day simple moving average is $2.65.

LZ Technology (NASDAQ:LZMH) last announced its earnings results on Friday, November 21st. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $28.89 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LZ Technology in a report on Monday, December 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”.

About LZ Technology

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.