Short Interest in LZ Technology Holdings Limited (NASDAQ:LZMH) Grows By 573.2%

LZ Technology Holdings Limited (NASDAQ:LZMH) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 621,178 shares, an increase of 573.2% from the April 15th total of 92,274 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 30,842,435 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of LZ Technology

Several large investors have recently added to or reduced their stakes in LZMH. Jane Street Group LLC purchased a new position in LZ Technology in the fourth quarter valued at about $33,000. PharVision Advisers LLC acquired a new stake in shares of LZ Technology in the third quarter valued at about $58,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of LZ Technology during the 2nd quarter valued at about $51,000.

LZ Technology Stock Down 4.4%

Shares of NASDAQ:LZMH traded down $0.00 during trading on Thursday, reaching $0.09. 635,487 shares of the stock were exchanged, compared to its average volume of 4,374,642. The firm’s 50-day moving average price is $0.92 and its 200 day moving average price is $1.57. LZ Technology has a 12-month low of $0.08 and a 12-month high of $32.10.

LZ Technology (NASDAQ:LZMH) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $51.80 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LZ Technology in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About LZ Technology

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services. For the six months ended June 30, 2024 and 2023, the Company had a total of 168 and 102 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.