Linkhome Holdings Inc. (NASDAQ:LHAI) Shares Shorted: Short Interest Down 45.4% in September

Linkhome Holdings Inc. (NASDAQ:LHAI) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 294,923 shares, a decline of 45.4% from the September 15th total of 539,891 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 215,622 shares, the short-interest ratio is presently 1.4 days.

Analysts Set New Price Targets

Several research firms have issued reports on LHAI. Wall Street Zen upgraded Linkhome to a “sell” rating in a research note on Saturday, September 19th. Weiss Ratings raised shares of Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Linkhome currently has a consensus rating of “Sell”.

Linkhome Stock Down 3.2%

Shares of Linkhome stock traded down $0.03 during trading on Thursday, reaching $0.84. The company’s stock had a trading volume of 1,190,056 shares, compared to its average volume of 3,279,046. Linkhome has a 1-year low of $0.53 and a 1-year high of $15.66. The company has a 50-day simple moving average of $0.98 and a two-hundred day simple moving average of $1.02. The company has a market cap of $13.95 million, a price-to-earnings ratio of -28.13 and a beta of -0.07.

Linkhome (NASDAQ:LHAI) last announced its earnings results on Wednesday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. Linkhome had a negative net margin of 2.83% and a negative return on equity of 7.86%. The business had revenue of $5.41 million for the quarter.

Insider Buying and Selling

In other Linkhome news, CEO Zhen Qin sold 625,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $0.80, for a total transaction of $500,000.00. Following the completion of the sale, the chief executive officer owned 3,820,000 shares in the company, valued at $3,056,000. This represents a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 31.24% of the stock is owned by company insiders.

About Linkhome

Linkhome Holdings Inc is a China-based real estate services company that operates through the Linkhome brand. The company focuses on housing rental and related property services, serving as an intermediary between property owners and tenants.

Its business activities include real estate brokerage, rental management, and property management services. Linkhome’s offerings are designed to support the leasing and administration of residential properties, including assistance with tenant placement and ongoing property-related services.

The company’s operations are concentrated in China.