Interlink Electronics, Inc. (NASDAQ:LINK) Sees Significant Growth in Short Interest

Interlink Electronics, Inc. (NASDAQ:LINK) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 128,357 shares, a growth of 466.6% from the April 30th total of 22,654 shares. Based on an average daily volume of 433,704 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.6% of the shares of the company are short sold.

Interlink Electronics Price Performance

LINK traded down $0.52 during trading hours on Friday, hitting $5.37. 68,066 shares of the stock were exchanged, compared to its average volume of 291,983. The stock has a 50-day simple moving average of $3.47 and a 200-day simple moving average of $3.59. Interlink Electronics has a 12 month low of $2.66 and a 12 month high of $10.10. The stock has a market cap of $84.58 million and a price-to-earnings ratio of -67.13.

Interlink Electronics (NASDAQ:LINK) last announced its quarterly earnings data on Thursday, May 14th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The firm had revenue of $3.07 million for the quarter, compared to analysts’ expectations of $3.30 million. Interlink Electronics had a negative return on equity of 13.62% and a negative net margin of 10.41%.

Institutional Investors Weigh In On Interlink Electronics

Hedge funds have recently added to or reduced their stakes in the stock. Wexford Capital LP bought a new stake in Interlink Electronics in the third quarter valued at $38,000. XTX Topco Ltd bought a new stake in Interlink Electronics in the fourth quarter valued at $40,000. Equitable Holdings Inc. bought a new stake in Interlink Electronics in the fourth quarter valued at $42,000. State Street Corp bought a new stake in Interlink Electronics in the fourth quarter valued at $49,000. Finally, CreativeOne Wealth LLC bought a new stake in Interlink Electronics in the third quarter valued at $510,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Interlink Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Interlink Electronics presently has a consensus rating of “Hold” and a consensus target price of $8.67.

About Interlink Electronics

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.