Short Interest in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Drops By 58.6%

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 21,939 shares, a drop of 58.6% from the July 30th total of 52,946 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 52,843 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Lianhe Sowell International Group

A hedge fund recently bought a new position in Lianhe Sowell International Group stock. Marex Group plc purchased a new position in shares of Lianhe Sowell International Group Ltd (NASDAQ:LHSW) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 33,815 shares of the company’s stock, valued at approximately $57,000. Marex Group plc owned about 0.07% of Lianhe Sowell International Group as of its most recent SEC filing.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LHSW. Weiss Ratings reiterated a “sell (d)” rating on shares of Lianhe Sowell International Group in a research report on Friday, August 14th. Wall Street Zen lowered shares of Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Lianhe Sowell International Group Trading Up 5.9%

NASDAQ LHSW traded up $0.23 on Friday, reaching $4.16. The company had a trading volume of 209,037 shares, compared to its average volume of 141,313. The company’s fifty day moving average is $2.74 and its 200-day moving average is $2.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.07 and a quick ratio of 1.04. Lianhe Sowell International Group has a 1-year low of $1.12 and a 1-year high of $47.52.

Lianhe Sowell International Group (NASDAQ:LHSW) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.79) earnings per share (EPS) for the quarter. The business had revenue of $8.37 million during the quarter.

Lianhe Sowell International Group Company Profile

Lianhe Sowell International Group Ltd. is a holding company, which engages in trading of electronic products and software development. Its products include Intelligent traffic, low voltage Intelligent Integration, Industrial Intelligence, Industrial machine vision, and precision visual Al painting robot. The company was founded by Yue Zhu on April 6, 2007 and is headquartered in Shenzhen, China.