Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Declines By 18.2%

Interlink Electronics, Inc. (NASDAQ:LINK) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 22,996 shares, a decrease of 18.2% from the January 15th total of 28,127 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average trading volume of 32,702 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 32,702 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Equitable Holdings Inc. purchased a new stake in Interlink Electronics in the fourth quarter worth $42,000. State Street Corp purchased a new stake in shares of Interlink Electronics in the 4th quarter worth about $49,000. Renaissance Technologies LLC increased its stake in shares of Interlink Electronics by 162.0% in the 4th quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock worth $364,000 after acquiring an additional 57,974 shares in the last quarter. Geode Capital Management LLC lifted its position in Interlink Electronics by 65.7% during the 4th quarter. Geode Capital Management LLC now owns 47,818 shares of the technology company’s stock valued at $186,000 after acquiring an additional 18,962 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in Interlink Electronics by 50.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock worth $166,000 after acquiring an additional 14,225 shares in the last quarter.

Interlink Electronics Trading Down 1.2%

NASDAQ:LINK opened at $3.34 on Wednesday. The company has a 50-day moving average price of $3.65 and a 200-day moving average price of $5.02. The stock has a market cap of $52.61 million and a price-to-earnings ratio of -167.00. Interlink Electronics has a 12 month low of $2.76 and a 12 month high of $10.10.

Analysts Set New Price Targets

Several research analysts recently commented on LINK shares. Wall Street Zen raised shares of Interlink Electronics from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Interlink Electronics in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.67.

Interlink Electronics Company Profile

Interlink Electronics, Inc is a California-based company specializing in the design, development and manufacture of human interface technologies. The company’s core focus is on force-sensing and touch-sensitive solutions that enable intuitive control and feedback in electronic devices. Interlink holds proprietary intellectual property in the field of force-sensing resistors (FSRs) and related sensor technologies, giving it a distinct position in the market for tactile input components.

Interlink’s product portfolio includes thin-film force-sensing resistors, membrane keypads, touchpads and programmable touch-feedback modules.