LZ Technology Holdings Limited (NASDAQ:LZMH) Shares Shorted: Short Interest Down 35.9% in October

LZ Technology Holdings Limited (NASDAQ:LZMH) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 33,834 shares, a decrease of 35.9% from the September 30th total of 52,806 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 32,145 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered LZ Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

LZ Technology Stock Down 1.9%

Shares of NASDAQ:LZMH traded down $0.02 during trading hours on Monday, hitting $0.78. 1,396 shares of the company’s stock traded hands, compared to its average volume of 318,118. The business has a fifty day moving average price of $1.08 and a 200-day moving average price of $9.29. LZ Technology has a 1 year low of $0.66 and a 1 year high of $69.60.

LZ Technology Company Profile

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services. For the six months ended June 30, 2024 and 2023, the Company had a total of 168 and 102 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.