Short Interest in Lucas GC Limited (NASDAQ:LGCL) Declines By 88.6%

Lucas GC Limited (NASDAQ:LGCL) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 260,185 shares, a drop of 88.6% from the June 30th total of 2,284,068 shares. Based on an average trading volume of 2,710,764 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.6% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lucas GC stock. Boothbay Fund Management LLC acquired a new position in shares of Lucas GC Limited (NASDAQ:LGCL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,500 shares of the company’s stock, valued at approximately $29,000.

Lucas GC Price Performance

LGCL stock traded down $0.40 during mid-day trading on Friday, hitting $1.36. 4,514,400 shares of the company were exchanged, compared to its average volume of 11,318,721. Lucas GC has a twelve month low of $0.65 and a twelve month high of $41.20. The firm has a fifty day simple moving average of $1.60 and a 200 day simple moving average of $1.75.

About Lucas GC

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.