Lianluo Smart Ltd (NASDAQ:LLIT) Sees Large Decline in Short Interest

Lianluo Smart Ltd (NASDAQ:LLIT) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 5,300 shares, a decline of 54.3% from the July 31st total of 11,600 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is currently 1.1 days.

Shares of NASDAQ:LLIT traded up $0.03 during midday trading on Friday, reaching $0.80. The company had a trading volume of 16 shares, compared to its average volume of 2,590. The business’s 50 day moving average price is $0.86 and its 200 day moving average price is $1.24. Lianluo Smart has a 1-year low of $0.67 and a 1-year high of $2.00.

A hedge fund recently bought a new stake in Lianluo Smart stock. Citadel Advisors LLC bought a new stake in Lianluo Smart Ltd (NASDAQ:LLIT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,478 shares of the medical equipment provider’s stock, valued at approximately $27,000. Citadel Advisors LLC owned about 0.12% of Lianluo Smart as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.69% of the company’s stock.

About Lianluo Smart

Lianluo Smart Limited, through its subsidiaries, designs, develops, markets, and distributes medical products and medical components primarily in the People's Republic of China. The company offers medical devices, including sleep apnea diagnostic products, general hospital products, medical compressors, and related supporting products, such as laryngoscope.

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