Linkhome Holdings Inc. (NASDAQ:LHAI) Sees Significant Growth in Short Interest

Linkhome Holdings Inc. (NASDAQ:LHAI) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 63,600 shares, a growth of 147.7% from the April 30th total of 25,676 shares. Based on an average daily trading volume, of 751,563 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the company’s stock are sold short.

Linkhome Price Performance

Shares of LHAI stock opened at $0.97 on Tuesday. The firm has a 50-day moving average of $1.10 and a 200-day moving average of $4.29. The company has a market cap of $15.74 million and a P/E ratio of -48.50. Linkhome has a one year low of $0.53 and a one year high of $22.33.

Linkhome (NASDAQ:LHAI) last announced its earnings results on Wednesday, May 13th. The company reported ($0.01) EPS for the quarter. Linkhome had a negative net margin of 2.21% and a negative return on equity of 7.17%. The firm had revenue of $4.91 million during the quarter.

Insider Buying and Selling at Linkhome

In other Linkhome news, CEO Zhen Qin sold 1,413,333 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $1.50, for a total value of $2,119,999.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Linkhome

Several hedge funds have recently bought and sold shares of LHAI. Citadel Advisors LLC purchased a new position in Linkhome during the third quarter valued at approximately $120,000. Millennium Management LLC purchased a new position in Linkhome during the 3rd quarter valued at $268,000. FNY Investment Advisers LLC purchased a new position in Linkhome during the 4th quarter valued at $87,000. Goldman Sachs Group Inc. purchased a new position in Linkhome during the 4th quarter valued at $101,000. Finally, Cerity Partners LLC purchased a new position in Linkhome during the 4th quarter valued at $91,000.

About Linkhome

Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.