Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Stock Short Interest Declines 48.3%

Key Points

• Short interest fell 48.3% to 315,482 shares as of October 15, from 610,479 shares on September 30. About 11.0% of LHSW’s shares remain short, with a days-to-cover ratio of 0.1.
• LHSW shares dropped 10.2% to $4.33 during Friday trading, well below their 50-day and 200-day moving averages of $10.28 and $26.39, respectively.
• Analyst sentiment is firmly negative: Weiss Ratings maintained a sell rating, Wall Street Zen downgraded the stock to sell, and the consensus rating is “Sell.” The company also reported a quarterly loss of $6.32 per share on $8.37 million in revenue.

Lianhe Sowell International Group Ltd (NASDAQ:LHSW - Get Free Report) was the recipient of a significant decline in short interest in the month of 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. Approximately 11.0% of the shares of the company are short sold. Based on an average daily trading volume, of 3,001,318 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of brokerages recently issued reports 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 lowered shares of Lianhe Sowell International Group from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Lianhe Sowell International Group currently has a consensus rating of "Sell".

Lianhe Sowell International Group Stock Down 10.2%

Shares of NASDAQ LHSW traded down $0.49 during mid-day trading on Friday, hitting $4.33. The company had a trading volume of 17,787 shares, compared to its average volume of 480,812. Lianhe Sowell International Group has a 1 year low of $3.05 and a 1 year high of $262.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.07 and a quick ratio of 1.04. The stock's 50-day moving average price is $10.28 and its 200-day moving average price is $26.39.

Lianhe Sowell International Group (NASDAQ:LHSW - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($6.32) earnings per share (EPS) for the quarter. The company had revenue of $8.37 million during the quarter.

About Lianhe Sowell International Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.