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

Interlink Electronics, Inc. (NASDAQ:LINK) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 21,613 shares, a decrease of 56.2% from the May 31st total of 49,361 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 34,082 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.67.

Interlink Electronics Stock Up 16.7%

Shares of Interlink Electronics stock traded up $0.69 during trading on Tuesday, reaching $4.82. 67,647 shares of the stock were exchanged, compared to its average volume of 70,780. The firm has a market cap of $75.92 million and a price-to-earnings ratio of -60.25. Interlink Electronics has a 1 year low of $2.66 and a 1 year high of $10.10. The stock’s fifty day moving average is $4.09 and its 200 day moving average is $3.65.

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

Hedge Funds Weigh In On Interlink Electronics

A number of hedge funds and other institutional investors have recently made changes to their positions in LINK. State Street Corp purchased a new stake in Interlink Electronics in the fourth quarter worth $49,000. CreativeOne Wealth LLC purchased a new position in Interlink Electronics during the 3rd quarter valued at $510,000. Renaissance Technologies LLC increased its position in Interlink Electronics by 162.0% during the 4th quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock valued at $364,000 after purchasing an additional 57,974 shares during the period. Geode Capital Management LLC raised its holdings in Interlink Electronics by 65.7% in the 4th quarter. Geode Capital Management LLC now owns 47,818 shares of the technology company’s stock worth $186,000 after purchasing an additional 18,962 shares in the last quarter. Finally, IHT Wealth Management LLC raised its holdings in Interlink Electronics by 65.7% in the 4th quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock worth $181,000 after purchasing an additional 18,527 shares in the last quarter.

Interlink Electronics Company Profile

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.