Linkhome Holdings Inc. (NASDAQ:LHAI) Stock Short Interest Falls 45.4%

Linkhome Holdings Inc. (NASDAQ:LHAI) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 294,923 shares, a decline of 45.4% from the September 15th total of 539,891 shares. Based on an average daily trading volume, of 215,622 shares, the short-interest ratio is presently 1.4 days. Approximately 2.6% of the company’s shares are short sold.

Linkhome Price Performance

Shares of NASDAQ:LHAI traded down $0.03 during trading on Thursday, reaching $0.84. 1,190,056 shares of the company were exchanged, compared to its average volume of 3,279,046. The business’s fifty day simple moving average is $0.98 and its 200-day simple moving average is $1.02. Linkhome has a 12-month low of $0.53 and a 12-month high of $15.66. The firm has a market capitalization of $13.95 million, a PE ratio of -28.13 and a beta of -0.07.

Linkhome (NASDAQ:LHAI) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. Linkhome had a negative net margin of 2.83% and a negative return on equity of 7.86%. The firm had revenue of $5.41 million during the quarter.

Insider Activity

In other news, CEO Zhen Qin sold 625,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $0.80, for a total transaction of $500,000.00. Following the transaction, the chief executive officer owned 3,820,000 shares of the company’s stock, valued at approximately $3,056,000. This represents a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 31.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on LHAI. Wall Street Zen raised Linkhome to a “sell” rating in a research report on Saturday, September 19th. Weiss Ratings upgraded Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Linkhome Company Profile

Linkhome Holdings Inc is a China-based real estate services company that operates through the Linkhome brand. The company focuses on housing rental and related property services, serving as an intermediary between property owners and tenants.

Its business activities include real estate brokerage, rental management, and property management services. Linkhome’s offerings are designed to support the leasing and administration of residential properties, including assistance with tenant placement and ongoing property-related services.

The company’s operations are concentrated in China.