Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Declines By 16.9%

Interlink Electronics, Inc. (NASDAQ:LINK) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 14,725 shares, a decline of 16.9% from the March 31st total of 17,713 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 12,049 shares, the short-interest ratio is presently 1.2 days.

Interlink Electronics Price Performance

Shares of NASDAQ:LINK traded up $0.33 during trading on Friday, reaching $3.14. The company had a trading volume of 25,330 shares, compared to its average volume of 18,749. The firm has a market capitalization of $49.46 million and a price-to-earnings ratio of -52.33. The stock’s fifty day moving average price is $3.10 and its 200 day moving average price is $3.88. Interlink Electronics has a fifty-two week low of $2.66 and a fifty-two week high of $10.10.

Interlink Electronics (NASDAQ:LINK) last released its earnings results on Thursday, March 26th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $2.85 million during the quarter, compared to analyst estimates of $3.20 million. Interlink Electronics had a negative net margin of 14.70% and a negative return on equity of 18.09%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Interlink Electronics has an average rating of “Hold” and an average price target of $8.67.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wexford Capital LP purchased a new stake in shares of Interlink Electronics in the third quarter valued at approximately $38,000. XTX Topco Ltd purchased a new stake in shares of Interlink Electronics in the fourth quarter valued at approximately $40,000. Equitable Holdings Inc. purchased a new stake in shares of Interlink Electronics in the fourth quarter valued at approximately $42,000. State Street Corp purchased a new stake in shares of Interlink Electronics in the fourth quarter valued at approximately $49,000. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Interlink Electronics by 50.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock valued at $166,000 after buying an additional 14,225 shares in the last quarter.

About Interlink Electronics

Interlink Electronics, Inc is a California-based company specializing in the design, development and manufacture of human interface technologies. The company’s core focus is on force-sensing and touch-sensitive solutions that enable intuitive control and feedback in electronic devices. Interlink holds proprietary intellectual property in the field of force-sensing resistors (FSRs) and related sensor technologies, giving it a distinct position in the market for tactile input components.

Interlink’s product portfolio includes thin-film force-sensing resistors, membrane keypads, touchpads and programmable touch-feedback modules.