Linkhome Holdings Inc. (NASDAQ:LHAI) Short Interest Update

Linkhome Holdings Inc. (NASDAQ:LHAI) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 773,972 shares, a decrease of 59.8% from the July 15th total of 1,923,520 shares. Approximately 6.9% of the company’s shares are sold short. Based on an average daily trading volume, of 373,363 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Insider Activity

In other news, CEO Zhen Qin sold 625,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $0.80, for a total transaction of $500,000.00. Following the completion of the sale, the chief executive officer directly owned 3,820,000 shares in the company, valued at approximately $3,056,000. This represents a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 31.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. 683 Capital Management LLC purchased a new stake in Linkhome during the fourth quarter valued at approximately $573,000. OMERS ADMINISTRATION Corp purchased a new stake in Linkhome in the 4th quarter worth about $175,000. Millennium Management LLC purchased a new position in Linkhome during the 3rd quarter valued at $268,000. Citadel Advisors LLC bought a new position in Linkhome in the 3rd quarter valued at $120,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Linkhome in the fourth quarter worth $101,000.

Linkhome Price Performance

LHAI stock opened at $0.78 on Monday. The company has a market cap of $12.82 million and a P/E ratio of -25.86. The stock’s fifty day moving average price is $0.97 and its 200-day moving average price is $1.12. Linkhome has a 1 year low of $0.53 and a 1 year high of $15.66.

Linkhome (NASDAQ:LHAI) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) EPS for the quarter. Linkhome had a negative return on equity of 7.86% and a negative net margin of 2.83%.The company had revenue of $5.41 million during the quarter.

About Linkhome

Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.