LZ Technology Holdings Limited (NASDAQ:LZMH) Short Interest Up 86.7% in March

Key Points

• Short interest in LZMH rose sharply by 86.7% in March to 80,583 shares as of March 31, equal to about 0.1% of shares sold short and a days-to-cover ratio of 0.6.
• Analyst sentiment is negative—Weiss Ratings reiterated a Sell (e+) on the stock and MarketBeat shows an average rating of Sell.
• LZMH is trading near $1.23 and close to its 12‑month low (range $1.07–$32.10), with 50‑ and 200‑day moving averages of $1.29 and $2.01, reflecting a steep decline from earlier highs.

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 80,583 shares, a growth of 86.7% from the March 15th total of 43,165 shares. Based on an average trading volume of 135,876 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company's shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of LZ Technology in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LZMH. BNP Paribas Financial Markets acquired a new position in shares of LZ Technology during the 2nd quarter worth $51,000. PharVision Advisers LLC acquired a new position in shares of LZ Technology during the 3rd quarter worth $58,000. Finally, Jane Street Group LLC acquired a new position in shares of LZ Technology during the 4th quarter worth $33,000.

LZ Technology Stock Performance

LZMH stock opened at $1.23 on Monday. LZ Technology has a 12-month low of $1.07 and a 12-month high of $32.10. The company has a 50 day moving average of $1.29 and a two-hundred day moving average of $2.01.

LZ Technology (NASDAQ:LZMH - Get Free Report) last released its earnings results on Friday, November 21st. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $28.89 million for the quarter.

About LZ Technology

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.

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