Short Interest in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Decreases By 67.2%

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 256,977 shares, a decline of 67.2% from the May 14th total of 783,297 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 544,411 shares, the short-interest ratio is currently 0.5 days.

Lianhe Sowell International Group Stock Up 11.2%

Shares of NASDAQ:LHSW opened at $0.18 on Thursday. The company has a 50 day moving average of $0.20 and a 200 day moving average of $0.45. Lianhe Sowell International Group has a 12 month low of $0.07 and a 12 month high of $3.14.

Lianhe Sowell International Group (NASDAQ:LHSW) last issued its quarterly earnings data on Friday, March 27th. The company reported $0.00 EPS for the quarter. The firm had revenue of $13.27 million for the quarter.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Lianhe Sowell International Group

A hedge fund recently bought a new stake in Lianhe Sowell International Group stock. Marex Group plc purchased a new position in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 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 reporting period.

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.