Short Interest in LZ Technology Holdings Limited (NASDAQ:LZMH) Increases By 15.7%

LZ Technology Holdings Limited (NASDAQ:LZMH) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 48,056 shares, an increase of 15.7% from the February 12th total of 41,549 shares. Based on an average daily volume of 30,677 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 30,677 shares, the days-to-cover ratio is presently 1.6 days.

LZ Technology Trading Up 1.6%

Shares of LZ Technology stock opened at $1.29 on Wednesday. The firm has a fifty day moving average of $1.27 and a two-hundred day moving average of $2.27. LZ Technology has a 52 week low of $1.07 and a 52 week high of $32.10.

LZ Technology (NASDAQ:LZMH) last issued 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 for the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of LZ Technology in the fourth quarter valued at approximately $33,000. BNP Paribas Financial Markets acquired a new stake in LZ Technology during the 2nd quarter worth approximately $51,000. Finally, PharVision Advisers LLC bought a new stake in LZ Technology in the 3rd quarter valued at $58,000.

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.