Short Interest in Lucas GC Limited (NASDAQ:LGCL) Grows By 13,633.8%

Lucas GC Limited (NASDAQ:LGCL) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,284,068 shares, an increase of 13,633.8% from the June 15th total of 16,631 shares. Based on an average trading volume of 12,243,724 shares, the short-interest ratio is currently 0.2 days. Currently, 5.3% of the shares of the stock are short sold.

Lucas GC Stock Down 2.9%

Shares of LGCL stock traded down $0.04 on Friday, reaching $1.32. The company had a trading volume of 174,376 shares, compared to its average volume of 7,520,546. The business’s 50-day moving average is $1.71 and its 200 day moving average is $1.82. Lucas GC has a one year low of $0.65 and a one year high of $46.40.

Lucas GC (NASDAQ:LGCL) last released its quarterly earnings data on Monday, April 20th. The company reported ($0.44) earnings per share (EPS) for the quarter. The company had revenue of $47.48 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Lucas GC in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lucas GC has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Lucas GC stock. Boothbay Fund Management LLC purchased a new stake in Lucas GC Limited (NASDAQ:LGCL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 27,500 shares of the company’s stock, valued at approximately $29,000.

About Lucas GC

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.