Lantronix, Inc. (NASDAQ:LTRX) Short Interest Up 60.8% in December

Lantronix, Inc. (NASDAQ:LTRX) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 474,806 shares, a growth of 60.8% from the November 30th total of 295,267 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 521,476 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 521,476 shares, the short-interest ratio is currently 0.9 days. Approximately 1.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Lantronix

Several institutional investors have recently modified their holdings of LTRX. R Squared Ltd raised its holdings in shares of Lantronix by 24.3% during the 3rd quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock valued at $64,000 after buying an additional 2,754 shares in the last quarter. Squarepoint Ops LLC grew its position in Lantronix by 52.7% during the third quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock valued at $88,000 after acquiring an additional 6,654 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Lantronix by 23.6% during the first quarter. American Century Companies Inc. now owns 54,318 shares of the technology company’s stock worth $135,000 after acquiring an additional 10,381 shares in the last quarter. Bailard Inc. purchased a new position in shares of Lantronix during the third quarter worth approximately $49,000. Finally, Jane Street Group LLC raised its stake in shares of Lantronix by 19.7% during the first quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock worth $178,000 after acquiring an additional 11,728 shares in the last quarter. 39.38% of the stock is currently owned by institutional investors.

Lantronix Price Performance

Lantronix stock traded up $0.05 during mid-day trading on Friday, hitting $5.80. 188,101 shares of the company traded hands, compared to its average volume of 451,407. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.93 and a current ratio of 3.01. Lantronix has a one year low of $1.91 and a one year high of $6.75. The stock has a market cap of $228.29 million, a price-to-earnings ratio of -21.48 and a beta of 1.51. The stock has a fifty day moving average price of $5.21 and a 200-day moving average price of $4.25.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Lantronix had a negative net margin of 8.68% and a negative return on equity of 11.63%. The firm had revenue of $29.79 million for the quarter, compared to analyst estimates of $29.55 million. Lantronix has set its Q2 2026 guidance at 0.020-0.04 EPS. On average, equities analysts predict that Lantronix will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

LTRX has been the topic of several analyst reports. Wall Street Zen upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a report on Wednesday, October 8th. Lake Street Capital increased their target price on shares of Lantronix from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Needham & Company LLC raised their price target on shares of Lantronix from $5.50 to $7.50 and gave the company a “buy” rating in a report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.17.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.