Lucas GC Limited (NASDAQ:LGCL) Shares Shorted: Short Interest Down 99.2% in September

Lucas GC Limited (NASDAQ:LGCL) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 12,943 shares, a drop of 99.2% from the August 31st total of 1,719,365 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average daily volume of 202,845 shares, the days-to-cover ratio is presently 0.1 days.

Lucas GC Stock Performance

Shares of LGCL stock opened at $2.97 on Friday. Lucas GC has a fifty-two week low of $2.66 and a fifty-two week high of $875.00. The business has a fifty day simple moving average of $72.60 and a 200-day simple moving average of $162.78.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LGCL. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucas GC in a research note on Friday, July 24th. Wall Street Zen upgraded shares of Lucas GC to a “hold” rating in a research report on Saturday, September 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lucas GC currently has a consensus rating of “Sell”.

About Lucas GC

Lucas GC Limited (NASDAQ: LGCL) is a financial services company that provides investment and capital markets-related services. Its business activities include securities brokerage, corporate finance advisory, asset management and investment advisory services.

The company primarily serves corporate clients, institutional investors and high-net-worth individuals. Its offerings are designed to support clients with investment execution, fundraising, financial planning and other capital markets needs.

Lucas GC is headquartered in Hong Kong and conducts its business through operating subsidiaries.