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

Interlink Electronics, Inc. (NASDAQ:LINK) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 26,955 shares, a decrease of 38.1% from the September 30th total of 43,556 shares. Based on an average daily volume of 32,567 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.8% of the company’s shares are short sold.

Interlink Electronics Price Performance

Shares of NASDAQ:LINK traded down $0.05 during trading hours on Tuesday, hitting $3.73. The company’s stock had a trading volume of 9,716 shares, compared to its average volume of 52,441. The firm’s fifty day moving average price is $5.03 and its 200 day moving average price is $4.17. Interlink Electronics has a 52 week low of $2.66 and a 52 week high of $6.50. The company has a market capitalization of $58.75 million and a price-to-earnings ratio of -53.28.

Interlink Electronics (NASDAQ:LINK) last released its quarterly earnings data on Thursday, August 13th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. The firm had revenue of $3.77 million for the quarter, compared to the consensus estimate of $3.10 million. Interlink Electronics had a negative net margin of 8.95% and a negative return on equity of 12.38%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Interlink Electronics in a report on Tuesday, September 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Interlink Electronics presently has a consensus rating of “Sell”.

Interlink Electronics Company Profile

Interlink Electronics, Inc develops and supplies human-machine interface and sensor technologies that enable users and equipment to detect touch, force, pressure, and other forms of physical interaction. Its products are designed to connect people with electronic systems and are used in applications that require compact, reliable, and customizable sensing solutions.

The company’s offerings include force-sensing resistors, touch and pressure sensors, sensor arrays, control panels, and related interface components.