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

Interlink Electronics, Inc. (NASDAQ:LINK) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 21,613 shares, a decrease of 56.2% from the May 31st total of 49,361 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 34,082 shares, the days-to-cover ratio is currently 0.6 days.

Interlink Electronics Price Performance

Interlink Electronics stock opened at $3.96 on Monday. The firm has a market capitalization of $62.43 million and a price-to-earnings ratio of -50.06. The company’s 50 day simple moving average is $4.07 and its 200 day simple moving average is $3.65. Interlink Electronics has a fifty-two week low of $2.66 and a fifty-two week high of $10.10.

Interlink Electronics (NASDAQ:LINK) last issued its earnings results on Thursday, May 14th. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $3.07 million during the quarter, compared to the consensus estimate of $3.30 million. Interlink Electronics had a negative net margin of 10.41% and a negative return on equity of 13.62%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LINK. Renaissance Technologies LLC grew its stake in Interlink Electronics by 162.0% in the fourth quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock valued at $364,000 after acquiring an additional 57,974 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of Interlink Electronics during the third quarter worth about $510,000. Geode Capital Management LLC raised its position in shares of Interlink Electronics by 65.7% during the fourth quarter. Geode Capital Management LLC now owns 47,818 shares of the technology company’s stock worth $186,000 after purchasing an additional 18,962 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of Interlink Electronics by 65.7% during the 4th quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock valued at $181,000 after purchasing an additional 18,527 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Interlink Electronics by 50.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock valued at $166,000 after purchasing an additional 14,225 shares during the period.

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.