Interlink Electronics, Inc. (NASDAQ:LINK) Sees Large Decline in Short Interest

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 27,038 shares, a decrease of 22.9% from the February 26th total of 35,064 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 17,425 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Interlink Electronics in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.67.

Interlink Electronics Trading Down 1.0%

LINK stock opened at $3.00 on Friday. The stock has a market cap of $47.25 million and a PE ratio of -150.00. The stock has a 50-day moving average price of $3.31 and a two-hundred day moving average price of $4.62. Interlink Electronics has a 1 year low of $2.76 and a 1 year high of $10.10.

Interlink Electronics (NASDAQ:LINK) last posted its quarterly earnings data on Thursday, March 26th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $2.85 million during the quarter, compared to analyst estimates of $3.20 million. Interlink Electronics had a negative net margin of 14.70% and a negative return on equity of 17.82%.

Hedge Funds Weigh In On Interlink Electronics

Hedge funds have recently modified their holdings of the stock. Wexford Capital LP bought a new stake in Interlink Electronics in the third quarter valued at approximately $38,000. XTX Topco Ltd acquired a new position in shares of Interlink Electronics during the 4th quarter worth approximately $40,000. Equitable Holdings Inc. acquired a new position in shares of Interlink Electronics during the 4th quarter worth approximately $42,000. State Street Corp bought a new stake in Interlink Electronics in the 4th quarter valued at $49,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in Interlink Electronics in the 3rd quarter valued at $61,000.

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.