Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Sees Large Decrease in Short Interest

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 315,482 shares, a decline of 48.3% from the September 30th total of 610,479 shares. Based on an average daily trading volume, of 3,001,318 shares, the short-interest ratio is presently 0.1 days. Approximately 11.0% of the shares of the stock are sold short.

Lianhe Sowell International Group Stock Performance

NASDAQ:LHSW traded down $0.49 during trading hours on Friday, hitting $4.33. The stock had a trading volume of 17,787 shares, compared to its average volume of 480,812. Lianhe Sowell International Group has a one year low of $3.05 and a one year high of $262.40. The business’s 50 day moving average is $10.28 and its 200-day moving average is $26.39. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.05.

Lianhe Sowell International Group (NASDAQ:LHSW) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($6.32) earnings per share for the quarter. The business had revenue of $8.37 million during the quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on LHSW. Weiss Ratings restated a “sell (d)” rating on shares of Lianhe Sowell International Group in a research note on Friday, August 14th. Wall Street Zen cut shares of Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Lianhe Sowell International Group Company Profile

Lianhe Sowell International Group Limited (NASDAQ: LHSW) is an industrial automation company focused on providing equipment and solutions for manufacturers. Its business centers on the design, development and production of automated machinery and related systems intended to improve manufacturing efficiency and production processes.

The company provides customized automation solutions that may include automated production-line equipment, robotic systems, assembly and testing machinery, and related integration services.