Short Interest in LZ Technology Holdings Limited (NASDAQ:LZMH) Expands By 118.3%

LZ Technology Holdings Limited (NASDAQ:LZMH) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 93,701 shares, a growth of 118.3% from the May 31st total of 42,920 shares. Based on an average daily trading volume, of 1,186,372 shares, the short-interest ratio is presently 0.1 days. Approximately 1.0% of the company’s stock are short sold.

LZ Technology Stock Performance

Shares of LZ Technology stock opened at $1.27 on Thursday. The business has a 50-day moving average of $1.58 and a 200-day moving average of $17.42. LZ Technology has a 1-year low of $1.03 and a 1-year high of $312.08.

LZ Technology (NASDAQ:LZMH) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($1.20) EPS for the quarter. The company had revenue of $51.80 million during the quarter.

Institutional Trading of LZ Technology

Several institutional investors have recently added to or reduced their stakes in LZMH. Jane Street Group LLC acquired a new stake in shares of LZ Technology in the 4th quarter valued at about $33,000. BNP Paribas Financial Markets acquired a new position in LZ Technology in the second quarter worth about $51,000. Finally, PharVision Advisers LLC bought a new stake in LZ Technology in the third quarter valued at about $58,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LZMH. Wall Street Zen upgraded LZ Technology to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings cut LZ Technology from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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.