Linkhome Holdings Inc. (NASDAQ:LHAI) Sees Significant Decrease in Short Interest

Linkhome Holdings Inc. (NASDAQ:LHAI) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 17,644 shares, a drop of 65.2% from the June 15th total of 50,747 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 138,670 shares, the days-to-cover ratio is currently 0.1 days.

Linkhome Price Performance

NASDAQ:LHAI opened at $1.15 on Monday. Linkhome has a twelve month low of $0.53 and a twelve month high of $22.33. The firm has a market capitalization of $18.66 million and a price-to-earnings ratio of -57.50. The stock’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $2.02.

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Linkhome in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Linkhome

Hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in Linkhome during the fourth quarter worth approximately $87,000. Cerity Partners LLC bought a new stake in Linkhome in the 4th quarter valued at $91,000. Goldman Sachs Group Inc. acquired a new stake in Linkhome during the 4th quarter valued at $101,000. Citadel Advisors LLC acquired a new stake in Linkhome during the 3rd quarter valued at $120,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Linkhome during the fourth quarter worth $175,000.

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.