Lantronix, Inc. (NASDAQ:LTRX) Short Interest Update

Lantronix, Inc. (NASDAQ:LTRX) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 616,984 shares, an increase of 22.7% from the February 12th total of 502,999 shares. Based on an average trading volume of 398,287 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.6% of the company’s shares are sold short. Approximately 1.6% of the company’s shares are sold short. Based on an average trading volume of 398,287 shares, the days-to-cover ratio is presently 1.5 days.

Insider Buying and Selling at Lantronix

In related news, insider Mathi Gurusamy sold 14,467 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $6.21, for a total transaction of $89,840.07. Following the completion of the transaction, the insider owned 55,569 shares of the company’s stock, valued at approximately $345,083.49. This trade represents a 20.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Lantronix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. acquired a new position in shares of Lantronix in the second quarter worth about $268,000. Hillsdale Investment Management Inc. acquired a new stake in Lantronix during the 4th quarter valued at approximately $331,000. Jefferies Financial Group Inc. purchased a new stake in Lantronix during the 4th quarter worth approximately $95,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Lantronix in the 4th quarter valued at approximately $2,315,000. Finally, Bailard Inc. raised its position in shares of Lantronix by 357.0% in the 4th quarter. Bailard Inc. now owns 48,900 shares of the technology company’s stock valued at $287,000 after purchasing an additional 38,200 shares in the last quarter. 39.38% of the stock is owned by hedge funds and other institutional investors.

Lantronix Stock Down 0.2%

Lantronix stock traded down $0.01 during midday trading on Tuesday, hitting $6.08. 507,624 shares of the company were exchanged, compared to its average volume of 1,060,211. The company has a market cap of $241.33 million, a PE ratio of -25.33 and a beta of 1.53. Lantronix has a fifty-two week low of $1.91 and a fifty-two week high of $8.24. The company’s fifty day moving average price is $6.21 and its 200-day moving average price is $5.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.75 and a quick ratio of 1.79.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $29.77 million for the quarter, compared to analyst estimates of $29.94 million. Lantronix had a negative net margin of 7.90% and a negative return on equity of 10.37%. Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. On average, research analysts predict that Lantronix will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Needham & Company LLC boosted their target price on Lantronix from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Thursday, February 5th. Lake Street Capital lifted their price objective on Lantronix from $6.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Wall Street Zen upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Craig Hallum reissued a “buy” rating and set a $10.00 target price on shares of Lantronix in a research note on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.38.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.