Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Decreases By 34.5%

Interlink Electronics, Inc. (NASDAQ:LINK) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 17,713 shares, a decrease of 34.5% from the March 15th total of 27,038 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 17,685 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Interlink Electronics in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.67.

Institutional Investors Weigh In On Interlink Electronics

Several large investors have recently made changes to their positions in LINK. Wexford Capital LP acquired a new stake in shares of Interlink Electronics in the third quarter valued at approximately $38,000. XTX Topco Ltd acquired a new stake in shares of Interlink Electronics in the fourth quarter valued at approximately $40,000. Equitable Holdings Inc. acquired a new stake in shares of Interlink Electronics in the fourth quarter valued at approximately $42,000. State Street Corp acquired a new stake in shares of Interlink Electronics in the fourth quarter valued at approximately $49,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Interlink Electronics in the third quarter valued at approximately $61,000.

Interlink Electronics Trading Up 0.3%

LINK traded up $0.01 on Tuesday, hitting $3.07. 16,489 shares of the company’s stock were exchanged, compared to its average volume of 14,804. The firm has a market cap of $48.35 million and a PE ratio of -51.17. Interlink Electronics has a twelve month low of $2.66 and a twelve month high of $10.10. The stock has a fifty day moving average of $3.16 and a two-hundred day moving average of $4.25.

Interlink Electronics (NASDAQ:LINK) last announced its quarterly earnings results on Thursday, March 26th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Interlink Electronics had a negative net margin of 14.70% and a negative return on equity of 18.09%. The firm had revenue of $2.85 million during the quarter, compared to analyst estimates of $3.20 million.

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.