Short Interest in Linkhome Holdings Inc. (NASDAQ:LHAI) Grows By 147.7%

Linkhome Holdings Inc. (NASDAQ:LHAI) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 63,600 shares, an increase of 147.7% from the April 30th total of 25,676 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 751,563 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at Linkhome

In other Linkhome news, CEO Zhen Qin sold 1,413,333 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $1.50, for a total transaction of $2,119,999.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Trading of Linkhome

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new position in Linkhome during the 4th quarter worth $87,000. Cerity Partners LLC bought a new stake in Linkhome in the fourth quarter valued at $91,000. Citadel Advisors LLC bought a new stake in Linkhome in the third quarter valued at $120,000. Goldman Sachs Group Inc. acquired a new position in shares of Linkhome during the fourth quarter valued at $101,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Linkhome during the fourth quarter worth about $175,000.

Linkhome Stock Performance

NASDAQ LHAI opened at $0.92 on Friday. Linkhome has a one year low of $0.53 and a one year high of $22.33. The company has a 50-day simple moving average of $1.10 and a 200-day simple moving average of $4.40. The firm has a market capitalization of $14.85 million and a PE ratio of -45.75.

Linkhome (NASDAQ:LHAI) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.01) earnings per share for the quarter. Linkhome had a negative return on equity of 7.17% and a negative net margin of 2.21%.The business had revenue of $4.91 million for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen raised Linkhome from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Linkhome Company Profile

Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.