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

Linkhome Holdings Inc. (NASDAQ:LHAI) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 17,644 shares, a drop of 65.2% from the June 15th total of 50,747 shares. Based on an average daily volume of 138,670 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Linkhome

Hedge funds have recently bought and sold shares of the stock. FNY Investment Advisers LLC bought a new stake in shares of Linkhome during the fourth quarter worth approximately $87,000. Cerity Partners LLC bought a new position in shares of Linkhome during the fourth quarter worth approximately $91,000. Citadel Advisors LLC acquired a new stake in Linkhome during the 3rd quarter worth approximately $120,000. Goldman Sachs Group Inc. acquired a new stake in Linkhome during the 4th quarter worth approximately $101,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Linkhome in the 4th quarter valued at $175,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Linkhome in a research report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Linkhome Price Performance

LHAI stock traded down $0.08 during midday trading on Wednesday, reaching $1.14. 2,409,187 shares of the company were exchanged, compared to its average volume of 4,009,709. Linkhome has a one year low of $0.53 and a one year high of $22.33. The firm has a market capitalization of $18.50 million and a price-to-earnings ratio of -57.00. The business has a 50-day moving average price of $1.01 and a two-hundred day moving average price of $1.93.

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

About Linkhome

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.