Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Grows By 51.3%

Key Points

• Short interest in Interlink Electronics increased by 51.3% in September, reaching a total of 39,500 shares, which accounts for 2.4% of the company's stock.
• Analysts have set a consensus target price of $13.00 for the stock, with ratings reflecting a mix of "buy" and "sell" recommendations.
• Interlink Electronics will undergo a 1.5-for-1 stock split on October 29, with shares issued to shareholders after the market closes on October 28.

Interlink Electronics, Inc. (NASDAQ:LINK - Get Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 39,500 shares, an increase of 51.3% from the September 15th total of 26,100 shares. Based on an average daily volume of 94,900 shares, the short-interest ratio is presently 0.4 days. Currently, 2.4% of the company's stock are short sold. Currently, 2.4% of the company's stock are short sold. Based on an average daily volume of 94,900 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LINK. Weiss Ratings restated a "sell (d-)" rating on shares of Interlink Electronics in a research note on Wednesday, October 8th. Lake Street Capital lifted their target price on Interlink Electronics from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Finally, Wall Street Zen raised Interlink Electronics to a "buy" rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $13.00.

Institutional Investors Weigh In On Interlink Electronics

A hedge fund recently bought a new stake in Interlink Electronics stock. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Interlink Electronics, Inc. (NASDAQ:LINK - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,800 shares of the technology company's stock, valued at approximately $61,000. Bartlett & CO. Wealth Management LLC owned 0.07% of Interlink Electronics at the end of the most recent reporting period. Institutional investors and hedge funds own 0.44% of the company's stock.

Interlink Electronics Price Performance

Shares of LINK stock traded down $0.04 during trading hours on Wednesday, hitting $9.29. The stock had a trading volume of 78,241 shares, compared to its average volume of 48,807. Interlink Electronics has a one year low of $3.27 and a one year high of $15.15. The stock's 50-day moving average price is $9.98 and its two-hundred day moving average price is $7.54. The stock has a market capitalization of $60.22 million, a price-to-earnings ratio of 103.22 and a beta of 0.93.

Shares of Interlink Electronics are going to split on the morning of Wednesday, October 29th. The 1.5-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, October 28th.

About Interlink Electronics

Interlink Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells force-sensing technologies that incorporate proprietary materials technology, firmware, and software into sensor-based products and custom sensor system solutions in the United States, Asia, the Middle East, Europe, and internationally.

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