Linkhome Holdings Inc. (NASDAQ:LHAI) Short Interest Update

Linkhome Holdings Inc. (NASDAQ:LHAI) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,923,520 shares, a growth of 10,801.8% from the June 30th total of 17,644 shares. Based on an average daily volume of 48,669,933 shares, the days-to-cover ratio is presently 0.0 days. Currently, 17.2% of the shares of the stock are short sold.

Institutional Trading of Linkhome

Several hedge funds have recently bought and sold shares of the stock. 683 Capital Management LLC acquired a new position in shares of Linkhome in the fourth quarter valued at approximately $573,000. OMERS ADMINISTRATION Corp bought a new stake in Linkhome in the 4th quarter valued at $175,000. Goldman Sachs Group Inc. bought a new stake in Linkhome in the 4th quarter valued at $101,000. Millennium Management LLC acquired a new position in Linkhome in the 3rd quarter worth $268,000. Finally, Citadel Advisors LLC acquired a new position in Linkhome in the 3rd quarter worth $120,000.

Linkhome Trading Down 5.0%

Shares of LHAI stock traded down $0.05 on Friday, reaching $0.90. The company had a trading volume of 375,468 shares, compared to its average volume of 3,837,510. The company has a 50-day moving average of $0.99 and a 200-day moving average of $1.60. The stock has a market cap of $14.64 million and a PE ratio of -45.11. Linkhome has a 12 month low of $0.53 and a 12 month high of $15.66.

Linkhome (NASDAQ:LHAI) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm 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%.

Analysts Set New Price Targets

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

Linkhome Company Profile

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.