Short Interest in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Drops By 67.0%

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 111,851 shares, a decrease of 67.0% from the June 15th total of 339,104 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average daily volume of 601,554 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Lianhe Sowell International Group

A hedge fund recently bought a new position in Lianhe Sowell International Group stock. Citadel Advisors LLC bought a new stake in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,224 shares of the company’s stock, valued at approximately $42,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Lianhe Sowell International Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Lianhe Sowell International Group Price Performance

LHSW opened at $3.45 on Monday. Lianhe Sowell International Group has a 52-week low of $1.12 and a 52-week high of $50.24. The firm’s fifty day simple moving average is $2.92 and its two-hundred day simple moving average is $4.96.

Lianhe Sowell International Group (NASDAQ:LHSW) last released its earnings results on Friday, March 27th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $13.27 million for the quarter.

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.