Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Drops By 61.5%

Interlink Electronics, Inc. (NASDAQ:LINK) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 49,361 shares, a decrease of 61.5% from the May 14th total of 128,357 shares. Based on an average trading volume of 79,225 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.4% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.67.

Institutional Investors Weigh In On Interlink Electronics

Several large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in Interlink Electronics by 162.0% during the 4th quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock worth $364,000 after buying an additional 57,974 shares during the period. Geode Capital Management LLC increased its stake in Interlink Electronics by 65.7% during the 4th quarter. Geode Capital Management LLC now owns 47,818 shares of the technology company’s stock worth $186,000 after buying an additional 18,962 shares during the period. IHT Wealth Management LLC increased its stake in Interlink Electronics by 65.7% during the 4th quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock worth $181,000 after buying an additional 18,527 shares during the period. Sequoia Financial Advisors LLC increased its stake in Interlink Electronics by 50.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock worth $166,000 after buying an additional 14,225 shares during the period. Finally, CreativeOne Wealth LLC purchased a new stake in Interlink Electronics during the 3rd quarter worth approximately $510,000.

Interlink Electronics Price Performance

Shares of LINK stock traded down $0.08 during trading hours on Friday, hitting $4.39. The company had a trading volume of 8,511 shares, compared to its average volume of 54,266. The company’s fifty day moving average is $3.83 and its 200 day moving average is $3.62. Interlink Electronics has a fifty-two week low of $2.66 and a fifty-two week high of $10.10. The stock has a market capitalization of $69.14 million and a PE ratio of -54.88.

Interlink Electronics (NASDAQ:LINK) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. Interlink Electronics had a negative net margin of 10.41% and a negative return on equity of 13.62%. The firm had revenue of $3.07 million for the quarter, compared to analyst estimates of $3.30 million.

About Interlink Electronics

Interlink Electronics, Inc is a California-based company specializing in the design, development and manufacture of human interface technologies. The company’s core focus is on force-sensing and touch-sensitive solutions that enable intuitive control and feedback in electronic devices. Interlink holds proprietary intellectual property in the field of force-sensing resistors (FSRs) and related sensor technologies, giving it a distinct position in the market for tactile input components.

Interlink’s product portfolio includes thin-film force-sensing resistors, membrane keypads, touchpads and programmable touch-feedback modules.