Lantronix, Inc. (NASDAQ:LTRX) Short Interest Up 146.6% in June

Lantronix, Inc. (NASDAQ:LTRX) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,381,201 shares, a growth of 146.6% from the June 15th total of 965,615 shares. Currently, 5.5% of the company’s shares are short sold. Based on an average daily volume of 1,902,063 shares, the short-interest ratio is presently 1.3 days.

Lantronix Stock Up 3.9%

Shares of LTRX stock traded up $0.21 on Wednesday, reaching $5.57. 1,180,770 shares of the company’s stock traded hands, compared to its average volume of 1,065,910. Lantronix has a 12-month low of $2.86 and a 12-month high of $8.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 2.74. The company has a market capitalization of $244.97 million, a P/E ratio of -32.76 and a beta of 1.69. The business’s 50 day moving average price is $6.38 and its two-hundred day moving average price is $6.18.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.The business had revenue of $30.18 million during the quarter, compared to analysts’ expectations of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, equities analysts forecast that Lantronix will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on LTRX. Needham & Company LLC assumed coverage on Lantronix in a research report on Friday, June 12th. They issued a “buy” rating and a $11.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. JonesTrading assumed coverage on shares of Lantronix in a report on Wednesday. They issued a “buy” rating and a $12.00 target price for the company. Canaccord Genuity Group lifted their target price on shares of Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, UBS Group restated a “buy” rating on shares of Lantronix in a report on Friday, June 12th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.40.

Institutional Trading of Lantronix

Institutional investors have recently made changes to their positions in the stock. Invesco Ltd. purchased a new position in Lantronix during the fourth quarter valued at approximately $68,000. Balyasny Asset Management L.P. purchased a new stake in Lantronix in the 4th quarter worth approximately $86,000. Jefferies Financial Group Inc. acquired a new stake in shares of Lantronix during the 4th quarter valued at $95,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Lantronix during the 4th quarter valued at $97,000. Finally, R Squared Ltd grew its holdings in shares of Lantronix by 28.7% during the 4th quarter. R Squared Ltd now owns 18,107 shares of the technology company’s stock valued at $106,000 after acquiring an additional 4,034 shares in the last quarter. 39.38% of the stock is currently owned by institutional investors and hedge funds.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.