Lucas GC Limited (NASDAQ:LGCL) Sees Significant Increase in Short Interest

Lucas GC Limited (NASDAQ:LGCL) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,284,068 shares, a growth of 13,633.8% from the June 15th total of 16,631 shares. Based on an average daily trading volume, of 12,243,724 shares, the short-interest ratio is presently 0.2 days. Approximately 5.3% of the company’s stock are short sold.

Lucas GC Trading Down 2.9%

Shares of NASDAQ:LGCL traded down $0.04 on Friday, hitting $1.32. 174,376 shares of the company’s stock were exchanged, compared to its average volume of 1,183,736. Lucas GC has a 1-year low of $0.65 and a 1-year high of $46.40. The firm’s 50-day moving average is $1.72 and its 200 day moving average is $1.82.

Lucas GC (NASDAQ:LGCL) last issued its earnings results on Monday, April 20th. The company reported ($0.44) earnings per share for the quarter. The firm had revenue of $47.48 million during the quarter.

Institutional Trading of Lucas GC

A hedge fund recently bought a new position in Lucas GC stock. Murchinson Ltd. bought a new stake in Lucas GC Limited (NASDAQ:LGCL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $107,000. Murchinson Ltd. owned approximately 0.13% of Lucas GC at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Lucas GC in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Lucas GC Company Profile

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.