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

by · The Cerbat Gem

Linkhome Holdings Inc. (NASDAQ:LHAI – Get Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 63,600 shares, a growth of 147.7% from the April 30th total of 25,676 shares. Based on an average daily volume of 751,563 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Linkhome from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Check Out Our Latest Stock Report on LHAI

Linkhome Price Performance

Shares of NASDAQ:LHAI traded up $0.06 during trading on Monday, hitting $0.97. The company’s stock had a trading volume of 188,376 shares, compared to its average volume of 354,525. The company has a 50-day moving average of $1.10 and a 200-day moving average of $4.36. Linkhome has a 12 month low of $0.53 and a 12 month high of $22.33. The firm has a market cap of $15.74 million and a price-to-earnings ratio of -48.50.

Linkhome (NASDAQ:LHAI – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.01) earnings per share for the quarter. Linkhome had a negative return on equity of 7.17% and a negative net margin of 2.21%.The business had revenue of $4.91 million during the quarter.

Insider Buying and Selling

In related news, CEO Zhen Qin sold 1,413,333 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $1.50, for a total transaction of $2,119,999.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Linkhome

Several institutional investors have recently made changes to their positions in LHAI. FNY Investment Advisers LLC bought a new position in shares of Linkhome in the 4th quarter worth approximately $87,000. Cerity Partners LLC bought a new stake in Linkhome during the fourth quarter valued at about $91,000. Goldman Sachs Group Inc. bought a new stake in Linkhome during the fourth quarter valued at about $101,000. Citadel Advisors LLC bought a new stake in Linkhome during the third quarter valued at about $120,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Linkhome during the fourth quarter valued at about $175,000.

Linkhome Company Profile

(Get Free Report)

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.

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