Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Drops By 17.9%

Interlink Electronics, Inc. (NASDAQ:LINK) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 16,500 shares, a decrease of 17.9% from the March 15th total of 20,100 shares. Based on an average trading volume of 23,900 shares, the short-interest ratio is presently 0.7 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Interlink Electronics

A number of institutional investors have recently added to or reduced their stakes in LINK. Sequoia Financial Advisors LLC acquired a new position in shares of Interlink Electronics during the 4th quarter valued at $177,000. Geode Capital Management LLC boosted its stake in Interlink Electronics by 35.2% during the fourth quarter. Geode Capital Management LLC now owns 41,621 shares of the technology company’s stock valued at $259,000 after buying an additional 10,827 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in Interlink Electronics by 10.3% during the fourth quarter. IHT Wealth Management LLC now owns 26,978 shares of the technology company’s stock valued at $168,000 after buying an additional 2,516 shares in the last quarter. 0.44% of the stock is currently owned by institutional investors and hedge funds.

Interlink Electronics Price Performance

Shares of Interlink Electronics stock traded up $0.12 on Tuesday, hitting $5.88. The company had a trading volume of 3,499 shares, compared to its average volume of 29,949. Interlink Electronics has a 52 week low of $3.25 and a 52 week high of $10.90. The company has a market cap of $38.11 million, a PE ratio of 65.33 and a beta of 0.93. The business has a 50-day simple moving average of $6.35 and a 200-day simple moving average of $6.04.

About Interlink Electronics

Interlink Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells force-sensing technologies that incorporate proprietary materials technology, firmware, and software into sensor-based products and custom sensor system solutions in the United States, Asia, the Middle East, Europe, and internationally.