Lucas GC Limited (NASDAQ:LGCL) Sees Large Drop in Short Interest

Lucas GC Limited (NASDAQ:LGCL) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 260,185 shares, a decline of 88.6% from the June 30th total of 2,284,068 shares. Based on an average trading volume of 2,710,764 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lucas GC has an average rating of “Sell”.

Lucas GC Price Performance

Shares of Lucas GC stock traded down $0.08 during trading on Monday, reaching $1.28. The company’s stock had a trading volume of 1,921,554 shares, compared to its average volume of 1,688,727. Lucas GC has a 52-week low of $0.65 and a 52-week high of $33.62. The firm’s 50-day moving average is $1.60 and its two-hundred day moving average is $1.75.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lucas GC stock. Murchinson Ltd. bought a new stake in Lucas GC Limited (NASDAQ:LGCL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 100,000 shares of the company’s stock, valued at approximately $107,000. Murchinson Ltd. owned about 0.13% of Lucas GC at the end of the most recent quarter.

About Lucas GC

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.