Lucas GC Limited (NASDAQ:LGCL) Short Interest Up 491.6% in August

Lucas GC Limited (NASDAQ:LGCL) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,719,365 shares, an increase of 491.6% from the August 15th total of 290,608 shares. Based on an average daily volume of 166,619,031 shares, the days-to-cover ratio is currently 0.0 days. Currently, 505.7% of the company’s stock are sold short.

Institutional Investors Weigh In On Lucas GC

A hedge fund recently bought a new stake in Lucas GC stock. Boothbay Fund Management LLC bought a new stake in shares of Lucas GC Limited (NASDAQ:LGCL) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 27,500 shares of the company’s stock, valued at approximately $29,000.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LGCL. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucas GC in a research note on Friday, July 24th. Wall Street Zen upgraded shares of Lucas GC to a “hold” rating in a research note on Saturday, September 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Lucas GC Stock Down 2.6%

Lucas GC stock traded down $0.08 during midday trading on Friday, hitting $2.99. The stock had a trading volume of 49,896 shares, compared to its average volume of 107,309. The business has a fifty day moving average price of $108.22 and a 200 day moving average price of $178.82. Lucas GC has a 12 month low of $2.94 and a 12 month high of $924.50.

Lucas GC Company Profile

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.