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

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 49,361 shares, a decrease of 61.5% from the May 14th total of 128,357 shares. Based on an average daily volume of 79,225 shares, the short-interest ratio is presently 0.6 days. Currently, 1.4% of the shares of the company are sold short.

Interlink Electronics Trading Down 1.8%

Interlink Electronics stock traded down $0.08 during mid-day trading on Friday, hitting $4.39. The company had a trading volume of 8,511 shares, compared to its average volume of 54,266. Interlink Electronics has a 12-month low of $2.66 and a 12-month high of $10.10. The company’s fifty day moving average is $3.83 and its 200-day moving average is $3.62. The company has a market capitalization of $69.14 million and a price-to-earnings ratio of -54.88.

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

Institutional Investors Weigh In On Interlink Electronics

Hedge funds have recently bought and sold shares of the stock. Wexford Capital LP acquired a new position in shares of Interlink Electronics during the 3rd quarter worth approximately $38,000. XTX Topco Ltd acquired a new position in shares of Interlink Electronics during the 4th quarter worth approximately $40,000. Equitable Holdings Inc. acquired a new position in shares of Interlink Electronics during the 4th quarter worth approximately $42,000. State Street Corp acquired a new position in shares of Interlink Electronics during the 4th quarter worth approximately $49,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Interlink Electronics by 50.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock worth $166,000 after buying an additional 14,225 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Interlink Electronics has a consensus rating of “Hold” and an average price target 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.