Interlink Electronics, Inc. (NASDAQ:LINK) Sees Large Decrease in Short Interest

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 21,613 shares, a drop of 56.2% from the May 31st total of 49,361 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 34,082 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.67.

Institutional Trading of Interlink Electronics

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Interlink Electronics by 65.7% in the 4th quarter. Geode Capital Management LLC now owns 47,818 shares of the technology company’s stock valued at $186,000 after buying an additional 18,962 shares during the last quarter. Wexford Capital LP acquired a new stake in Interlink Electronics in the third quarter worth about $38,000. Equitable Holdings Inc. acquired a new position in Interlink Electronics during the 4th quarter valued at about $42,000. State Street Corp acquired a new stake in shares of Interlink Electronics during the 4th quarter worth approximately $49,000. Finally, IHT Wealth Management LLC raised its stake in shares of Interlink Electronics by 65.7% during the fourth quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock worth $181,000 after buying an additional 18,527 shares during the last quarter.

Interlink Electronics Stock Performance

Shares of NASDAQ:LINK opened at $3.96 on Monday. The business has a fifty day moving average of $4.07 and a 200-day moving average of $3.65. Interlink Electronics has a twelve month low of $2.66 and a twelve month high of $10.10. The firm has a market cap of $62.43 million and a PE ratio of -50.06.

Interlink Electronics (NASDAQ:LINK) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $3.07 million for the quarter, compared to analyst estimates of $3.30 million. Interlink Electronics had a negative net margin of 10.41% and a negative return on equity of 13.62%.

About Interlink Electronics

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.