Linkhome Holdings Inc. (NASDAQ:LHAI) Sees Large Increase in Short Interest

Linkhome Holdings Inc. (NASDAQ:LHAI) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,923,520 shares, a growth of 10,801.8% from the June 30th total of 17,644 shares. Approximately 17.2% of the shares of the company are short sold. Based on an average daily volume of 48,669,933 shares, the days-to-cover ratio is currently 0.0 days.

Linkhome Trading Down 5.0%

NASDAQ:LHAI traded down $0.05 during mid-day trading on Friday, hitting $0.90. The company’s stock had a trading volume of 375,468 shares, compared to its average volume of 3,837,510. The company has a market capitalization of $14.64 million and a price-to-earnings ratio of -45.11. Linkhome has a fifty-two week low of $0.53 and a fifty-two week high of $15.66. The stock has a fifty day moving average of $0.99 and a 200-day moving average of $1.60.

Linkhome (NASDAQ:LHAI) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.01) earnings per share for the quarter. Linkhome had a negative net margin of 2.21% and a negative return on equity of 7.17%. The company had revenue of $4.91 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in shares of Linkhome during the third quarter worth $120,000. Millennium Management LLC acquired a new position in Linkhome during the 3rd quarter worth about $268,000. FNY Investment Advisers LLC acquired a new position in Linkhome during the 4th quarter worth about $87,000. Goldman Sachs Group Inc. bought a new stake in Linkhome during the 4th quarter worth about $101,000. Finally, Cerity Partners LLC bought a new stake in Linkhome during the 4th quarter worth about $91,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Linkhome in a research note on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Linkhome has an average rating of “Sell”.

Linkhome Company Profile

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.