Lianluo Smart Ltd (NASDAQ:LLIT) Short Interest Update

Lianluo Smart Ltd (NASDAQ:LLIT) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 5,300 shares, a drop of 54.3% from the July 31st total of 11,600 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,900 shares, the short-interest ratio is currently 1.1 days.

Shares of LLIT traded up $0.03 during mid-day trading on Friday, reaching $0.80. 16 shares of the stock traded hands, compared to its average volume of 2,590. The stock has a fifty day simple moving average of $0.86 and a 200 day simple moving average of $1.24. Lianluo Smart has a 12-month low of $0.67 and a 12-month high of $2.00.

An institutional investor recently bought a new position in Lianluo Smart stock. Citadel Advisors LLC purchased a new position in Lianluo Smart Ltd (NASDAQ:LLIT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,478 shares of the medical equipment provider’s stock, valued at approximately $27,000. Citadel Advisors LLC owned about 0.12% of Lianluo Smart at the end of the most recent quarter. Hedge funds and other institutional investors own 0.69% of the company’s stock.

Lianluo Smart Company Profile

Lianluo Smart Limited, through its subsidiaries, designs, develops, markets, and distributes medical products and medical components primarily in the People's Republic of China. The company offers medical devices, including sleep apnea diagnostic products, general hospital products, medical compressors, and related supporting products, such as laryngoscope.

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