Linkhome Holdings Inc. (NASDAQ:LHAI) Short Interest Update

Linkhome Holdings Inc. (NASDAQ:LHAI) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 773,972 shares, a decline of 59.8% from the July 15th total of 1,923,520 shares. Based on an average daily volume of 373,363 shares, the days-to-cover ratio is presently 2.1 days. Currently, 6.9% of the company’s stock are sold short.

Insider Transactions at Linkhome

In other Linkhome news, CEO Zhen Qin sold 625,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $0.80, for a total value of $500,000.00. Following the transaction, the chief executive officer directly owned 3,820,000 shares of the company’s stock, valued at $3,056,000. This represents a 14.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 31.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Linkhome

Institutional investors and hedge funds have recently modified their holdings of the stock. Cerity Partners LLC acquired a new position in shares of Linkhome in the 4th quarter worth $91,000. Citadel Advisors LLC purchased a new position in shares of Linkhome during the third quarter valued at $120,000. Goldman Sachs Group Inc. purchased a new position in shares of Linkhome during the fourth quarter valued at $101,000. OMERS ADMINISTRATION Corp acquired a new position in Linkhome during the fourth quarter valued at $175,000. Finally, Millennium Management LLC acquired a new position in Linkhome during the third quarter valued at $268,000.

Linkhome Stock Performance

Shares of LHAI stock traded down $0.02 during midday trading on Friday, reaching $0.78. 79,071 shares of the company were exchanged, compared to its average volume of 254,257. Linkhome has a 12 month low of $0.53 and a 12 month high of $15.66. The company’s 50 day moving average price is $0.97 and its two-hundred day moving average price is $1.12. The company has a market cap of $12.82 million and a P/E ratio of -25.86.

Linkhome (NASDAQ:LHAI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) earnings per share for the quarter. Linkhome had a negative net margin of 2.83% and a negative return on equity of 7.86%. The firm had revenue of $5.41 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Linkhome has a consensus 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.