Short Interest in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Declines By 67.2%

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 256,977 shares, a decline of 67.2% from the May 14th total of 783,297 shares. Based on an average trading volume of 544,411 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Lianhe Sowell International Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Lianhe Sowell International Group Trading Down 7.6%

Shares of LHSW traded down $0.01 on Friday, reaching $0.15. 473,533 shares of the company’s stock were exchanged, compared to its average volume of 4,152,592. The business has a 50 day moving average price of $0.20 and a two-hundred day moving average price of $0.44. Lianhe Sowell International Group has a 12 month low of $0.07 and a 12 month high of $3.14.

Lianhe Sowell International Group (NASDAQ:LHSW) last posted its quarterly earnings results on Friday, March 27th. The company reported $0.00 earnings per share for the quarter. The business had revenue of $13.27 million for the quarter.

Institutional Investors Weigh In On Lianhe Sowell International Group

An institutional investor recently bought a new position in Lianhe Sowell International Group stock. Marex Group plc bought a new stake in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 33,815 shares of the company’s stock, valued at approximately $57,000. Marex Group plc owned approximately 0.07% of Lianhe Sowell International Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Lianhe Sowell International Group Company Profile

Lianhe Sowell International Group Ltd. is a holding company, which engages in trading of electronic products and software development. Its products include Intelligent traffic, low voltage Intelligent Integration, Industrial Intelligence, Industrial machine vision, and precision visual Al painting robot. The company was founded by Yue Zhu on April 6, 2007 and is headquartered in Shenzhen, China.