Interlink Electronics, Inc. (NASDAQ:LINK) Short Interest Down 18.2% in January

Interlink Electronics, Inc. (NASDAQ:LINK) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 22,996 shares, a drop of 18.2% from the January 15th total of 28,127 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 32,702 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 32,702 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Investors Weigh In On Interlink Electronics

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position 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 purchasing an additional 57,974 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Interlink Electronics in the third quarter worth $510,000. Geode Capital Management LLC boosted its position in shares of Interlink Electronics by 65.7% in the fourth 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. Sequoia Financial Advisors LLC grew its holdings in shares of Interlink Electronics by 50.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock valued at $166,000 after buying an additional 14,225 shares in the last quarter. Finally, State Street Corp acquired a new position in Interlink Electronics during the fourth quarter valued at $49,000.

Interlink Electronics Trading Down 1.2%

Shares of Interlink Electronics stock traded down $0.04 on Tuesday, reaching $3.34. 8,155 shares of the company were exchanged, compared to its average volume of 34,259. Interlink Electronics has a fifty-two week low of $2.76 and a fifty-two week high of $10.10. The firm has a market capitalization of $52.61 million and a price-to-earnings ratio of -167.00. The stock has a fifty day moving average price of $3.65 and a 200-day moving average price of $5.02.

Wall Street Analyst Weigh In

LINK has been the topic of a number of analyst reports. Wall Street Zen raised shares of Interlink Electronics from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Interlink Electronics in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Interlink Electronics currently has an average rating of “Hold” and an average target price of $8.67.

Interlink Electronics Company Profile

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.