Lianluo Smart Ltd (NASDAQ:LLIT) Short Interest Update

Lianluo Smart Ltd (NASDAQ:LLIT) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 4,400 shares, a decline of 6.4% from the September 30th total of 4,700 shares. Based on an average daily volume of 6,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

A hedge fund recently bought a new stake in Lianluo Smart stock. Citadel Advisors LLC purchased a new position in shares of Lianluo Smart Ltd (NASDAQ:LLIT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,478 shares of the medical equipment provider’s stock, valued at approximately $27,000. Citadel Advisors LLC owned approximately 0.12% of Lianluo Smart at the end of the most recent reporting period. 0.69% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine cut Lianluo Smart from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st.

LLIT traded down $0.06 on Tuesday, hitting $0.53. 200 shares of the company were exchanged, compared to its average volume of 5,101. Lianluo Smart has a 12 month low of $0.42 and a 12 month high of $1.80. The stock’s fifty day moving average is $0.67 and its 200-day moving average is $1.00.

About Lianluo Smart

Lianluo Smart Limited, through its subsidiaries, designs, develops, markets, and distributes medical products and medical components primarily in the People's Republic of China. The company offers medical devices, including sleep apnea diagnostic products, general hospital products, medical compressors, and related supporting products, such as laryngoscope.

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