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

Interlink Electronics, Inc. (NASDAQ:LINK) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 35,064 shares, a growth of 36.6% from the February 12th total of 25,664 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 19,808 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 19,808 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.3% of the shares of the company are sold short.

Analyst Ratings Changes

LINK has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Interlink Electronics from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Interlink Electronics in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Interlink Electronics has an average rating of “Hold” and an average price target of $8.67.

Institutional Investors Weigh In On Interlink Electronics

Hedge funds have recently made changes to their positions in the stock. Wexford Capital LP acquired a new stake in Interlink Electronics during the third quarter worth about $38,000. Bartlett & CO. Wealth Management LLC acquired a new position in Interlink Electronics in the 3rd quarter valued at approximately $61,000. XTX Topco Ltd acquired a new position in Interlink Electronics in the 4th quarter valued at approximately $40,000. Equitable Holdings Inc. bought a new stake in shares of Interlink Electronics in the 4th quarter worth approximately $42,000. Finally, State Street Corp bought a new stake in shares of Interlink Electronics in the 4th quarter worth approximately $49,000.

Interlink Electronics Trading Up 2.9%

NASDAQ:LINK traded up $0.09 during trading hours on Friday, hitting $3.15. 14,943 shares of the company traded hands, compared to its average volume of 19,590. Interlink Electronics has a twelve month low of $2.76 and a twelve month high of $10.10. The firm has a 50-day moving average of $3.46 and a 200 day moving average of $4.82. The stock has a market capitalization of $49.61 million and a price-to-earnings ratio of -157.50.

About Interlink Electronics

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.