Short Interest in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Expands By 361.6%

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 665,904 shares, a growth of 361.6% from the April 15th total of 144,269 shares. Based on an average daily volume of 4,690,463 shares, the short-interest ratio is currently 0.1 days. Currently, 1.3% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Lianhe Sowell International Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lianhe Sowell International Group currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lianhe Sowell International Group stock. Citadel Advisors LLC purchased a new stake in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,224 shares of the company’s stock, valued at approximately $42,000.

Lianhe Sowell International Group Stock Performance

NASDAQ LHSW opened at $0.21 on Wednesday. The business has a fifty day moving average price of $0.19 and a two-hundred day moving average price of $0.70. Lianhe Sowell International Group has a fifty-two week low of $0.07 and a fifty-two week high of $3.23.

Lianhe Sowell International Group (NASDAQ:LHSW) last released its earnings results on Friday, March 27th. The company reported $0.00 earnings per share for the quarter. The business had revenue of $13.27 million for the quarter.

Lianhe Sowell International Group Company Profile

Lianhe Sowell International Group Ltd. is a holding company, which engages in trading of electronic products and software development. Its products include Intelligent traffic, low voltage Intelligent Integration, Industrial Intelligence, Industrial machine vision, and precision visual Al painting robot. The company was founded by Yue Zhu on April 6, 2007 and is headquartered in Shenzhen, China.