Interlink Electronics, Inc. (NASDAQ:LINK) Short Interest Down 19.0% in December

Interlink Electronics, Inc. (NASDAQ:LINK) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 51,073 shares, a drop of 19.0% from the November 30th total of 63,073 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average trading volume of 32,271 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 32,271 shares, the short-interest ratio is currently 1.6 days. Approximately 2.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Interlink Electronics from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Lake Street Capital lifted their target price on Interlink Electronics from $6.67 to $8.67 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Interlink Electronics in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Interlink Electronics has a consensus rating of “Hold” and a consensus target price of $8.67.

Interlink Electronics Trading Up 8.4%

Shares of LINK opened at $3.88 on Friday. The firm’s fifty day simple moving average is $4.39 and its two-hundred day simple moving average is $5.24. Interlink Electronics has a 12 month low of $2.99 and a 12 month high of $10.10. The stock has a market capitalization of $61.11 million and a P/E ratio of -194.00.

Interlink Electronics (NASDAQ:LINK) last posted its quarterly earnings data on Wednesday, November 12th. The technology company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). Interlink Electronics had a negative return on equity of 15.57% and a negative net margin of 12.93%.The firm had revenue of $2.96 million during the quarter, compared to analyst estimates of $3.10 million.

Hedge Funds Weigh In On Interlink Electronics

Institutional investors and hedge funds have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Interlink Electronics in the 3rd quarter valued at $61,000. CreativeOne Wealth LLC bought a new position in Interlink Electronics during the third quarter worth $510,000. Finally, Wexford Capital LP acquired a new stake in Interlink Electronics in the third quarter worth $38,000.

About Interlink Electronics

Interlink Electronics, Inc is a California-based company specializing in the design, development and manufacture of human interface technologies. The company’s core focus is on force-sensing and touch-sensitive solutions that enable intuitive control and feedback in electronic devices. Interlink holds proprietary intellectual property in the field of force-sensing resistors (FSRs) and related sensor technologies, giving it a distinct position in the market for tactile input components.

Interlink’s product portfolio includes thin-film force-sensing resistors, membrane keypads, touchpads and programmable touch-feedback modules.