Short Interest in Linkhome Holdings Inc. (NASDAQ:LHAI) Declines By 59.8%

Linkhome Holdings Inc. (NASDAQ:LHAI) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 773,972 shares, a decline of 59.8% from the July 15th total of 1,923,520 shares. Approximately 6.9% of the company’s shares are sold short. Based on an average daily volume of 373,363 shares, the days-to-cover ratio is currently 2.1 days.

Insider Buying and Selling at Linkhome

In other news, CEO Zhen Qin sold 625,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $0.80, for a total transaction of $500,000.00. Following the transaction, the chief executive officer owned 3,820,000 shares of the company’s stock, valued at approximately $3,056,000. The trade was a 14.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 31.24% of the company’s stock.

Institutional Trading of Linkhome

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new stake in shares of Linkhome during the third quarter worth $120,000. Millennium Management LLC bought a new position in shares of Linkhome in the third quarter worth about $268,000. Goldman Sachs Group Inc. bought a new position in shares of Linkhome in the fourth quarter worth about $101,000. Cerity Partners LLC bought a new stake in Linkhome during the 4th quarter valued at about $91,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Linkhome in the 4th quarter valued at about $175,000.

Linkhome Stock Down 3.0%

NASDAQ:LHAI traded down $0.02 during mid-day trading on Friday, hitting $0.78. 79,071 shares of the stock traded hands, compared to its average volume of 254,257. Linkhome has a 52 week low of $0.53 and a 52 week high of $15.66. The stock has a market capitalization of $12.82 million and a price-to-earnings ratio of -25.86. The firm’s 50 day moving average is $0.97 and its two-hundred day moving average is $1.12.

Linkhome (NASDAQ:LHAI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $5.41 million during the quarter. Linkhome had a negative return on equity of 7.86% and a negative net margin of 2.83%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

About Linkhome

Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.