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

Lantronix, Inc. (NASDAQ:LTRX) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 367,861 shares, a drop of 40.4% from the February 26th total of 616,984 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 760,353 shares, the days-to-cover ratio is presently 0.5 days.

Lantronix Stock Down 3.2%

Lantronix stock traded down $0.18 during midday trading on Friday, hitting $5.39. 607,315 shares of the company were exchanged, compared to its average volume of 1,011,902. The company has a market cap of $213.93 million, a PE ratio of -22.46 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 $6.14 and its 200-day moving average price is $5.54. 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 issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Lantronix had a negative net margin of 7.90% and a negative return on equity of 10.37%. The company had revenue of $29.77 million during the quarter, compared to the consensus estimate of $29.94 million. 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.

Wall Street Analyst Weigh In

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

Insider Activity at Lantronix

In other news, insider Mathi Gurusamy sold 14,467 shares of Lantronix stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $6.21, for a total value of $89,840.07. Following the transaction, the insider directly owned 55,569 shares of the company’s stock, valued at $345,083.49. The trade was a 20.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lantronix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Lantronix by 2.8% during the third quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock valued at $6,795,000 after acquiring an additional 40,890 shares in the last quarter. Marshall Wace LLP boosted its holdings in Lantronix by 9.7% in the fourth quarter. Marshall Wace LLP now owns 678,929 shares of the technology company’s stock valued at $3,979,000 after purchasing an additional 59,866 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Lantronix by 135.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 669,183 shares of the technology company’s stock valued at $3,058,000 after purchasing an additional 385,075 shares during the last quarter. Soviero Asset Management LP grew its stake in Lantronix by 11.8% during the 4th quarter. Soviero Asset Management LP now owns 570,000 shares of the technology company’s stock valued at $3,340,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in Lantronix during the 4th quarter worth approximately $2,315,000. 39.38% of the stock is owned by hedge funds and other institutional investors.

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.