Lucas GC Limited (NASDAQ:LGCL) Sees Large Drop in Short Interest

Lucas GC Limited (NASDAQ:LGCL) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 18,932 shares, a decline of 47.2% from the December 31st total of 35,875 shares. Based on an average daily trading volume, of 13,393 shares, the short-interest ratio is presently 1.4 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,393 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Lucas GC

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

Analyst Ratings Changes

Several research firms have recently weighed in on LGCL. Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a research report on Thursday, January 22nd. Wall Street Zen raised Lucas GC to a “hold” rating in a research note on Saturday, October 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Lucas GC Price Performance

NASDAQ:LGCL traded up $0.01 during trading hours on Friday, reaching $2.11. The company’s stock had a trading volume of 92,201 shares, compared to its average volume of 49,433. The firm has a 50-day simple moving average of $2.26 and a 200-day simple moving average of $9.45. Lucas GC has a 1 year low of $1.68 and a 1 year high of $50.80.

Lucas GC (NASDAQ:LGCL) last posted its quarterly earnings results on Friday, October 31st. The company reported $5.28 earnings per share (EPS) for the quarter. The business had revenue of $27.00 million for the quarter.

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.