Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Sees Large Decrease in Short Interest

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 111,851 shares, a decrease of 67.0% from the June 15th total of 339,104 shares. Based on an average daily volume of 601,554 shares, the short-interest ratio is currently 0.2 days. Currently, 3.4% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Lianhe Sowell International Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Lianhe Sowell International Group

An institutional investor recently bought a new position in Lianhe Sowell International Group stock. Marex Group plc bought a new position in shares of Lianhe Sowell International Group Ltd (NASDAQ:LHSW) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 33,815 shares of the company’s stock, valued at approximately $57,000. Marex Group plc owned approximately 0.07% of Lianhe Sowell International Group at the end of the most recent quarter.

Lianhe Sowell International Group Stock Performance

Shares of LHSW remained flat at $2.53 on Tuesday. The company had a trading volume of 128,844 shares, compared to its average volume of 1,134,668. The business has a fifty day moving average of $2.87 and a two-hundred day moving average of $4.86. Lianhe Sowell International Group has a 1-year low of $1.12 and a 1-year high of $50.24.

Lianhe Sowell International Group (NASDAQ:LHSW) last announced its earnings results on Friday, March 27th. The company reported ($0.08) EPS for the quarter. The business had revenue of $13.27 million for the quarter.

About Lianhe Sowell International Group

Lianhe Sowell International Group Ltd. is a holding company, which engages in trading of electronic products and software development. Its products include Intelligent traffic, low voltage Intelligent Integration, Industrial Intelligence, Industrial machine vision, and precision visual Al painting robot. The company was founded by Yue Zhu on April 6, 2007 and is headquartered in Shenzhen, China.