Lantronix, Inc. (NASDAQ:LTRX) Short Interest Up 85.5% in June

Lantronix, Inc. (NASDAQ:LTRX) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 965,615 shares, an increase of 85.5% from the May 31st total of 520,506 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average trading volume of 1,242,044 shares, the short-interest ratio is currently 0.8 days.

Lantronix Stock Down 8.6%

Shares of NASDAQ LTRX traded down $0.51 during midday trading on Thursday, hitting $5.41. The company’s stock had a trading volume of 1,487,704 shares, compared to its average volume of 1,079,229. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80. The firm has a market capitalization of $237.93 million, a price-to-earnings ratio of -31.82 and a beta of 1.69. The business’s fifty day simple moving average is $6.57 and its two-hundred day simple moving average is $6.20. Lantronix has a 1 year low of $2.86 and a 1 year high of $8.75.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd raised its position in Lantronix by 24.3% in the 3rd quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock valued at $64,000 after purchasing an additional 2,754 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Lantronix during the fourth quarter worth approximately $68,000. Bridgeway Capital Management LLC acquired a new stake in Lantronix in the third quarter valued at approximately $85,000. Balyasny Asset Management L.P. acquired a new position in Lantronix during the 4th quarter worth approximately $86,000. Finally, XTX Topco Ltd acquired a new stake in shares of Lantronix in the 2nd quarter valued at $86,000. 39.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research report on Tuesday, April 21st. Needham & Company LLC began coverage on Lantronix in a research report on Friday, June 12th. They set a “buy” rating and a $11.00 price objective on the stock. UBS Group reissued a “buy” rating on shares of Lantronix in a research note on Friday, June 12th. Wall Street Zen cut Lantronix from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Finally, Canaccord Genuity Group initiated coverage on Lantronix in a research note on Monday, June 8th. They issued a “buy” rating and a $10.50 target price for the company. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.88.

Lantronix Company Profile

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.