LZ Technology Holdings Limited (NASDAQ:LZMH) Short Interest Update

LZ Technology Holdings Limited (NASDAQ:LZMH) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 86,744 shares, a decline of 17.5% from the January 15th total of 105,203 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 109,117 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 109,117 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On LZ Technology

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in LZ Technology in the 4th quarter worth approximately $33,000. PharVision Advisers LLC acquired a new stake in shares of LZ Technology during the third quarter worth $58,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of LZ Technology in the second quarter valued at $51,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LZ Technology in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

LZ Technology Stock Performance

Shares of NASDAQ LZMH traded up $0.05 during trading on Tuesday, reaching $1.17. The company had a trading volume of 16,128 shares, compared to its average volume of 185,916. LZ Technology has a twelve month low of $1.07 and a twelve month high of $32.10. The stock has a 50-day moving average price of $1.37 and a two-hundred day moving average price of $2.58.

LZ Technology (NASDAQ:LZMH) last posted its quarterly earnings data on Friday, November 21st. The company reported ($0.02) EPS for the quarter. The company had revenue of $28.89 million during the quarter.

LZ Technology Company Profile

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.