Short Interest in LZ Technology Holdings Limited (NASDAQ:LZMH) Drops By 17.5%

LZ Technology Holdings Limited (NASDAQ:LZMH) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 86,744 shares, a drop of 17.5% from the January 15th total of 105,203 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 109,117 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 109,117 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are short sold.

LZ Technology Stock Performance

LZ Technology stock traded down $0.04 during mid-day trading on Monday, reaching $1.12. The company had a trading volume of 5,935 shares, compared to its average volume of 185,916. The business has a fifty day simple moving average of $1.39 and a 200 day simple moving average of $2.65. LZ Technology has a fifty-two week low of $1.07 and a fifty-two week high of $32.10.

LZ Technology (NASDAQ:LZMH) last released its quarterly earnings data on Friday, November 21st. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $28.89 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LZ Technology in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of LZ Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of LZ Technology in the second quarter valued at approximately $51,000. PharVision Advisers LLC acquired a new stake in LZ Technology during the 3rd quarter worth approximately $58,000. Finally, Jane Street Group LLC bought a new stake in LZ Technology during the 4th quarter worth approximately $33,000.

LZ Technology Company Profile

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services. For the six months ended June 30, 2024 and 2023, the Company had a total of 168 and 102 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.