Short Interest in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Expands By 361.6%

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 665,904 shares, a growth of 361.6% from the April 15th total of 144,269 shares. Based on an average trading volume of 4,690,463 shares, the short-interest ratio is presently 0.1 days. Currently, 1.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lianhe Sowell International Group stock. Marex Group plc bought a new position in shares of Lianhe Sowell International Group Ltd (NASDAQ:LHSW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,815 shares of the company’s stock, valued at approximately $57,000. Marex Group plc owned about 0.07% of Lianhe Sowell International Group as of its most recent SEC filing.

Lianhe Sowell International Group Stock Up 3.6%

Shares of NASDAQ:LHSW opened at $0.21 on Wednesday. Lianhe Sowell International Group has a 12-month low of $0.07 and a 12-month high of $3.23. The business has a fifty day simple moving average of $0.19 and a 200 day simple moving average of $0.70.

Lianhe Sowell International Group (NASDAQ:LHSW) last announced its earnings results on Friday, March 27th. The company reported $0.00 earnings per share (EPS) for the quarter. The company had revenue of $13.27 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Lianhe Sowell International Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Lianhe Sowell International Group

Lianhe Sowell International Group Ltd. is a holding company, which engages in trading of electronic products and software development. Its products include Intelligent traffic, low voltage Intelligent Integration, Industrial Intelligence, Industrial machine vision, and precision visual Al painting robot. The company was founded by Yue Zhu on April 6, 2007 and is headquartered in Shenzhen, China.