Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Expands By 466.6%

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 128,357 shares, an increase of 466.6% from the April 30th total of 22,654 shares. Based on an average daily volume of 433,704 shares, the days-to-cover ratio is presently 0.3 days. Approximately 3.6% of the company’s stock are sold short.

Interlink Electronics Stock Performance

LINK traded down $0.52 on Friday, hitting $5.37. The company had a trading volume of 68,066 shares, compared to its average volume of 291,983. The stock has a fifty day moving average price of $3.47 and a 200-day moving average price of $3.59. Interlink Electronics has a 12-month low of $2.66 and a 12-month high of $10.10. The stock has a market capitalization of $84.58 million and a price-to-earnings ratio of -67.13.

Interlink Electronics (NASDAQ:LINK) last posted its quarterly earnings data on Thursday, May 14th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The firm had revenue of $3.07 million during the quarter, compared to analyst estimates of $3.30 million. Interlink Electronics had a negative net margin of 10.41% and a negative return on equity of 13.62%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LINK. Wexford Capital LP bought a new position in shares of Interlink Electronics during the 3rd quarter worth approximately $38,000. XTX Topco Ltd bought a new position in shares of Interlink Electronics during the 4th quarter worth approximately $40,000. Equitable Holdings Inc. bought a new position in shares of Interlink Electronics during the 4th quarter worth approximately $42,000. State Street Corp bought a new position in shares of Interlink Electronics during the 4th quarter worth approximately $49,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Interlink Electronics by 50.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock worth $166,000 after acquiring an additional 14,225 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Interlink Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.67.

Interlink Electronics Company Profile

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.