Lantronix, Inc. (NASDAQ:LTRX) Short Interest Update

Lantronix, Inc. (NASDAQ:LTRX) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 965,615 shares, a growth of 85.5% from the May 31st total of 520,506 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average trading volume of 1,242,044 shares, the days-to-cover ratio is presently 0.8 days.

Lantronix Stock Performance

Shares of NASDAQ LTRX traded up $0.04 during mid-day trading on Wednesday, hitting $5.92. The company had a trading volume of 1,267,715 shares, compared to its average volume of 1,076,482. Lantronix has a 12 month low of $2.77 and a 12 month high of $8.75. The firm has a market cap of $260.36 million, a P/E ratio of -34.82 and a beta of 1.64. The business’s 50-day simple moving average is $6.57 and its 200-day simple moving average is $6.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. The firm had revenue of $30.18 million during the quarter, compared to analyst estimates of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. As a group, analysts predict that Lantronix will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LTRX. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. UBS Group restated a “buy” rating on shares of Lantronix in a report on Friday, June 12th. Wall Street Zen cut Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Canaccord Genuity Group initiated coverage on Lantronix in a report on Monday, June 8th. They set a “buy” rating and a $10.50 price target on the stock. Finally, Needham & Company LLC assumed coverage on shares of Lantronix in a research note on Friday, June 12th. They issued a “buy” rating and a $11.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its position in shares of Lantronix by 19.7% during the 1st quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock worth $178,000 after buying an additional 11,728 shares during the period. XTX Topco Ltd acquired a new position in Lantronix during the second quarter worth $86,000. Marshall Wace LLP lifted its holdings in shares of Lantronix by 10.6% during the second quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock valued at $1,280,000 after acquiring an additional 42,838 shares during the period. Manatuck Hill Partners LLC acquired a new stake in shares of Lantronix in the 2nd quarter valued at $302,000. Finally, Vanguard Group Inc. boosted its stake in shares of Lantronix by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock valued at $6,795,000 after purchasing an additional 40,890 shares in the last quarter. 39.38% of the stock is owned by institutional investors.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.