Interlink Electronics, Inc. (NASDAQ:LINK) Short Interest Down 19.0% in December

by · The Markets Daily

Interlink Electronics, Inc. (NASDAQ:LINK – Get Free Report) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 51,073 shares, a decline of 19.0% from the November 30th total of 63,073 shares. Based on an average daily volume of 32,271 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.0% of the shares of the company are short sold. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 32,271 shares, the days-to-cover ratio is presently 1.6 days.

Interlink Electronics Price Performance

LINK traded up $0.30 on Thursday, reaching $3.88. 59,998 shares of the company traded hands, compared to its average volume of 44,873. The stock’s 50 day moving average price is $4.45 and its 200-day moving average price is $5.25. The company has a market cap of $61.11 million and a price-to-earnings ratio of -194.00. Interlink Electronics has a 52-week low of $2.99 and a 52-week high of $10.10.

Interlink Electronics (NASDAQ:LINK – Get Free Report) last released its quarterly earnings results on Wednesday, November 12th. The technology company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). Interlink Electronics had a negative net margin of 12.93% and a negative return on equity of 15.57%. The business had revenue of $2.96 million for the quarter, compared to the consensus estimate of $3.10 million.

Hedge Funds Weigh In On Interlink Electronics

Several large investors have recently bought and sold shares of LINK. Bartlett & CO. Wealth Management LLC acquired a new position in Interlink Electronics in the third quarter worth about $61,000. CreativeOne Wealth LLC acquired a new position in shares of Interlink Electronics in the 3rd quarter worth approximately $510,000. Finally, Wexford Capital LP bought a new position in shares of Interlink Electronics during the 3rd quarter worth approximately $38,000.

Analyst Upgrades and Downgrades

LINK has been the subject of several research reports. Wall Street Zen upgraded shares of Interlink Electronics from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Lake Street Capital lifted their price objective on shares of Interlink Electronics from $6.67 to $8.67 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Interlink Electronics in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.67.

Read Our Latest Research Report on LINK

About Interlink Electronics

(Get Free Report)

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.

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