Lucas GC Limited (NASDAQ:LGCL) Sees Large Decline in Short Interest

Lucas GC Limited (NASDAQ:LGCL) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 12,943 shares, a decrease of 99.2% from the August 31st total of 1,719,365 shares. Based on an average trading volume of 202,845 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.8% of the company’s stock are sold short.

Lucas GC Stock Performance

Shares of LGCL traded down $0.11 during mid-day trading on Thursday, hitting $3.05. 78,093 shares of the company’s stock were exchanged, compared to its average volume of 639,632. The firm has a fifty day moving average of $75.46 and a two-hundred day moving average of $163.90. Lucas GC has a twelve month low of $2.66 and a twelve month high of $875.00.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LGCL. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucas GC in a report on Friday, July 24th. Wall Street Zen upgraded Lucas GC to a “hold” rating in a research note on Saturday, September 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Lucas GC Company Profile

Lucas GC Limited (NASDAQ: LGCL) is a financial services company that provides investment and capital markets-related services. Its business activities include securities brokerage, corporate finance advisory, asset management and investment advisory services.

The company primarily serves corporate clients, institutional investors and high-net-worth individuals. Its offerings are designed to support clients with investment execution, fundraising, financial planning and other capital markets needs.

Lucas GC is headquartered in Hong Kong and conducts its business through operating subsidiaries.