Lantronix, Inc. (NASDAQ:LTRX) Short Interest Up 146.6% in June

Lantronix, Inc. (NASDAQ:LTRX) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,381,201 shares, an increase of 146.6% from the June 15th total of 965,615 shares. Based on an average daily volume of 1,902,063 shares, the short-interest ratio is presently 1.3 days. Approximately 5.5% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

LTRX has been the topic of several research analyst reports. Canaccord Genuity Group boosted their price target on shares of Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. UBS Group restated a “buy” rating on shares of Lantronix in a research note on Friday, June 12th. JonesTrading began coverage on Lantronix in a research report on Wednesday. They set a “buy” rating and a $12.00 price target on the stock. Wall Street Zen downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research report on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Lantronix has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.

Institutional Investors Weigh In On Lantronix

A number of institutional investors have recently made changes to their positions in LTRX. Invesco Ltd. purchased a new position in Lantronix in the 4th quarter worth approximately $68,000. Bridgeway Capital Management LLC purchased a new stake in Lantronix during the 3rd quarter valued at $85,000. Balyasny Asset Management L.P. bought a new stake in shares of Lantronix in the 4th quarter worth $86,000. XTX Topco Ltd purchased a new position in shares of Lantronix in the second quarter worth $86,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Lantronix by 52.7% during the third quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock valued at $88,000 after purchasing an additional 6,654 shares in the last quarter. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Lantronix Stock Down 3.6%

LTRX stock traded down $0.20 on Thursday, reaching $5.37. 329,781 shares of the company traded hands, compared to its average volume of 1,060,278. Lantronix has a one year low of $2.86 and a one year high of $8.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80. The company has a market cap of $236.17 million, a P/E ratio of -31.59 and a beta of 1.69. The firm has a fifty day simple moving average of $6.36 and a 200-day simple moving average of $6.18.

Lantronix (NASDAQ:LTRX) last released its earnings results on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $30.18 million during the quarter, compared to the consensus estimate of $30.49 million. Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Research analysts anticipate that Lantronix will post -0.11 earnings per share for the current year.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.