Interlink Electronics, Inc. (NASDAQ:LINK) Sees Large Growth in Short Interest

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 128,357 shares, an increase of 466.6% from the April 30th total of 22,654 shares. Approximately 3.6% of the company’s stock are short sold. Based on an average daily trading volume, of 433,704 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Interlink Electronics

Hedge funds have recently added to or reduced their stakes in the business. Wexford Capital LP acquired a new position in Interlink Electronics in the third quarter worth $38,000. XTX Topco Ltd acquired a new stake in shares of Interlink Electronics in the 4th quarter worth about $40,000. Equitable Holdings Inc. bought a new stake in Interlink Electronics in the 4th quarter valued at about $42,000. State Street Corp bought a new stake in Interlink Electronics in the 4th quarter valued at about $49,000. Finally, Sequoia Financial Advisors LLC lifted its position in Interlink Electronics by 50.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock valued at $166,000 after purchasing an additional 14,225 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Interlink Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.67.

Interlink Electronics Trading Up 9.6%

Interlink Electronics stock traded up $0.51 during mid-day trading on Thursday, reaching $5.81. The company’s stock had a trading volume of 35,193 shares, compared to its average volume of 77,773. The firm has a market cap of $91.51 million and a price-to-earnings ratio of -72.63. The business has a 50 day moving average price of $3.37 and a 200-day moving average price of $3.57. Interlink Electronics has a twelve month low of $2.66 and a twelve month high of $10.10.

Interlink Electronics (NASDAQ:LINK) last released its quarterly earnings data on Thursday, May 14th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $3.07 million during the quarter, compared to the consensus estimate of $3.30 million. Interlink Electronics had a negative net margin of 10.41% and a negative return on equity of 13.62%.

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.