Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Drops By 17.9%

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 16,500 shares, a drop of 17.9% from the March 15th total of 20,100 shares. Based on an average trading volume of 23,900 shares, the short-interest ratio is presently 0.7 days. Approximately 1.0% of the shares of the company are short sold.

Interlink Electronics Trading Up 2.1 %

Interlink Electronics stock traded up $0.12 during midday trading on Tuesday, reaching $5.88. 3,499 shares of the stock traded hands, compared to its average volume of 29,949. Interlink Electronics has a fifty-two week low of $3.25 and a fifty-two week high of $10.90. The firm has a market cap of $38.11 million, a price-to-earnings ratio of 65.33 and a beta of 0.93. The firm has a fifty day moving average price of $6.35 and a two-hundred day moving average price of $6.04.

Institutional Investors Weigh In On Interlink Electronics

Hedge funds have recently made changes to their positions in the business. IHT Wealth Management LLC increased its position in Interlink Electronics by 10.3% in the 4th quarter. IHT Wealth Management LLC now owns 26,978 shares of the technology company’s stock valued at $168,000 after acquiring an additional 2,516 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Interlink Electronics in the fourth quarter worth $177,000. Finally, Geode Capital Management LLC increased its holdings in shares of Interlink Electronics by 35.2% during the fourth quarter. Geode Capital Management LLC now owns 41,621 shares of the technology company’s stock valued at $259,000 after purchasing an additional 10,827 shares during the period. Institutional investors own 0.44% of the company’s stock.

About Interlink Electronics

Interlink Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells force-sensing technologies that incorporate proprietary materials technology, firmware, and software into sensor-based products and custom sensor system solutions in the United States, Asia, the Middle East, Europe, and internationally.