Interlink Electronics, Inc. (NASDAQ:LINK) Sees Large Growth in Short Interest

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 128,357 shares, an increase of 466.6% from the April 30th total of 22,654 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average trading volume of 433,704 shares, the short-interest ratio is presently 0.3 days.

Interlink Electronics Stock Performance

NASDAQ:LINK traded up $0.51 during mid-day trading on Thursday, hitting $5.81. 35,193 shares of the company’s stock traded hands, compared to its average volume of 77,773. The firm’s 50 day simple moving average is $3.37 and its 200 day simple moving average is $3.57. Interlink Electronics has a 1 year low of $2.66 and a 1 year high of $10.10. The company has a market cap of $91.51 million and a PE ratio of -72.63.

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

Institutional Investors Weigh In On Interlink Electronics

A number of hedge funds have recently bought and sold shares of the business. Wexford Capital LP bought a new stake in shares of Interlink Electronics in the third quarter worth $38,000. XTX Topco Ltd bought a new stake in shares of Interlink Electronics in the fourth quarter worth $40,000. Equitable Holdings Inc. bought a new stake in shares of Interlink Electronics in the fourth quarter worth $42,000. State Street Corp bought a new stake in shares of Interlink Electronics in the fourth quarter worth $49,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Interlink Electronics by 50.0% in the fourth 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 last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Interlink Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock 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.