Interlink Electronics, Inc. (NASDAQ:LINK) Sees Large Decrease in Short Interest

Interlink Electronics, Inc. (NASDAQ:LINKGet Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 16,500 shares, a decrease of 17.9% from the March 15th total of 20,100 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average trading volume of 23,900 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Interlink Electronics

Institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new position in shares of Interlink Electronics during the 4th quarter worth approximately $177,000. Geode Capital Management LLC lifted its position in shares of Interlink Electronics by 35.2% in the fourth quarter. Geode Capital Management LLC now owns 41,621 shares of the technology company’s stock valued at $259,000 after acquiring an additional 10,827 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in shares of Interlink Electronics by 10.3% during the fourth quarter. IHT Wealth Management LLC now owns 26,978 shares of the technology company’s stock valued at $168,000 after acquiring an additional 2,516 shares during the last quarter. 0.44% of the stock is currently owned by hedge funds and other institutional investors.

Interlink Electronics Stock Performance

LINK traded down $0.31 on Friday, hitting $5.76. 2,426 shares of the company were exchanged, compared to its average volume of 30,175. The business’s fifty day moving average is $6.36 and its 200 day moving average is $6.01. The firm has a market capitalization of $37.34 million, a P/E ratio of 64.00 and a beta of 0.93. Interlink Electronics has a fifty-two week low of $3.25 and a fifty-two week high of $10.90.

About Interlink Electronics

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Interlink Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells force-sensing technologies that incorporate proprietary materials technology, firmware, and software into sensor-based products and custom sensor system solutions in the United States, Asia, the Middle East, Europe, and internationally.

Further Reading

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