Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Short Interest Update

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 21,939 shares, a drop of 58.6% from the July 30th total of 52,946 shares. Based on an average trading volume of 52,843 shares, the short-interest ratio is presently 0.4 days. Currently, 0.7% of the company’s stock are short sold.

Lianhe Sowell International Group Trading Up 7.7%

Shares of NASDAQ LHSW opened at $3.93 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.07 and a quick ratio of 1.04. The business’s 50-day simple moving average is $2.69 and its 200-day simple moving average is $2.96. Lianhe Sowell International Group has a 52 week low of $1.12 and a 52 week high of $47.52.

Lianhe Sowell International Group (NASDAQ:LHSW) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.79) earnings per share for the quarter. The company had revenue of $8.37 million during the quarter.

Hedge Funds Weigh In On Lianhe Sowell International Group

An institutional investor recently bought a new stake in Lianhe Sowell International Group stock. Citadel Advisors LLC acquired a new position in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,224 shares of the company’s stock, valued at approximately $42,000.

Analyst Ratings Changes

LHSW has been the subject of a number of research reports. Wall Street Zen cut Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lianhe Sowell International Group in a research report on Friday, August 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.