Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Stock Short Interest Jumps 6,989.6%

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 935,549 shares, a growth of 6,989.6% from the August 31st total of 13,196 shares. Based on an average trading volume of 15,705,879 shares, the short-interest ratio is currently 0.1 days. Currently, 28.8% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

LHSW has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Lianhe Sowell International Group in a report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Lianhe Sowell International Group Price Performance

Lianhe Sowell International Group stock traded down $0.00 during trading on Thursday, hitting $0.76. 1,522,589 shares of the company were exchanged, compared to its average volume of 3,672,233. The business’s 50 day moving average is $2.43 and its 200 day moving average is $2.75. Lianhe Sowell International Group has a 52 week low of $0.42 and a 52 week high of $37.44. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05.

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

About Lianhe Sowell International Group

Lianhe Sowell International Group Limited (NASDAQ: LHSW) is a holding company focused on industrial automation and intelligent manufacturing solutions. Through its operating subsidiaries, the company provides equipment and related services designed to support automated production, inspection and quality-control processes.

Its offerings are centered on automation technologies such as machine-vision inspection systems and other production-line equipment. These solutions are intended to help manufacturers improve manufacturing efficiency, product consistency and process monitoring across industrial applications.

The company’s operations are primarily associated with the Chinese manufacturing market.