Interlink Electronics, Inc. (NASDAQ:LINK) Short Interest Down 34.5% in March

Interlink Electronics, Inc. (NASDAQ:LINK) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 17,713 shares, a drop of 34.5% from the March 15th total of 27,038 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 17,685 shares, the short-interest ratio is presently 1.0 days.

Interlink Electronics Price Performance

Interlink Electronics stock traded up $0.10 during mid-day trading on Wednesday, reaching $3.17. The company had a trading volume of 9,659 shares, compared to its average volume of 15,069. Interlink Electronics has a 1 year low of $2.66 and a 1 year high of $10.10. The company has a market capitalization of $49.93 million and a P/E ratio of -52.83. The stock’s 50-day simple moving average is $3.16 and its 200-day simple moving average is $4.24.

Interlink Electronics (NASDAQ:LINK) last issued its earnings results on Thursday, March 26th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Interlink Electronics had a negative net margin of 14.70% and a negative return on equity of 18.09%. The company had revenue of $2.85 million during the quarter, compared to analysts’ expectations of $3.20 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Interlink Electronics in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wexford Capital LP purchased a new position in shares of Interlink Electronics during the 3rd quarter worth approximately $38,000. XTX Topco Ltd purchased a new position in shares of Interlink Electronics during the 4th quarter worth approximately $40,000. Equitable Holdings Inc. purchased a new position in shares of Interlink Electronics during the 4th quarter worth approximately $42,000. State Street Corp purchased a new position in shares of Interlink Electronics during the 4th quarter worth approximately $49,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of Interlink Electronics during the 3rd quarter worth approximately $61,000.

Interlink Electronics Company Profile

Interlink Electronics, Inc is a California-based company specializing in the design, development and manufacture of human interface technologies. The company’s core focus is on force-sensing and touch-sensitive solutions that enable intuitive control and feedback in electronic devices. Interlink holds proprietary intellectual property in the field of force-sensing resistors (FSRs) and related sensor technologies, giving it a distinct position in the market for tactile input components.

Interlink’s product portfolio includes thin-film force-sensing resistors, membrane keypads, touchpads and programmable touch-feedback modules.