Interlink Electronics, Inc. (NASDAQ:LINK) Short Interest Down 56.2% in June

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 21,613 shares, a decrease of 56.2% from the May 31st total of 49,361 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 34,082 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Interlink Electronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in Interlink Electronics in the 4th quarter valued at approximately $40,000. IHT Wealth Management LLC boosted its position in Interlink Electronics by 65.7% during the 4th quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock worth $181,000 after acquiring an additional 18,527 shares during the period. Equitable Holdings Inc. bought a new position in shares of Interlink Electronics in the fourth quarter worth $42,000. State Street Corp bought a new position in shares of Interlink Electronics in the fourth quarter worth $49,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Interlink Electronics by 162.0% during the fourth quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock valued at $364,000 after purchasing an additional 57,974 shares during the period.

Interlink Electronics Price Performance

Shares of LINK stock traded down $0.15 during trading hours on Wednesday, reaching $4.67. The stock had a trading volume of 34,213 shares, compared to its average volume of 70,486. Interlink Electronics has a twelve month low of $2.66 and a twelve month high of $10.10. The firm has a 50-day simple moving average of $4.12 and a 200-day simple moving average of $3.66. The firm has a market capitalization of $73.47 million and a PE ratio of -58.38.

Interlink Electronics (NASDAQ:LINK) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $3.07 million for the quarter, compared to the consensus estimate of $3.30 million. Interlink Electronics had a negative net margin of 10.41% and a negative return on equity of 13.62%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.67.

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.