Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Shares Shorted: Short Interest Up 6,989.6% in September

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 935,549 shares, a growth of 6,989.6% from the August 31st total of 13,196 shares. Based on an average daily volume of 15,705,879 shares, the days-to-cover ratio is currently 0.1 days. Currently, 28.8% of the company’s shares are sold short.

Lianhe Sowell International Group Trading Down 0.4%

Shares of NASDAQ:LHSW opened at $0.76 on Friday. The firm has a fifty day moving average of $2.40 and a two-hundred day moving average of $2.74. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.07 and a quick ratio of 1.04. Lianhe Sowell International Group has a 12-month low of $0.42 and a 12-month high of $37.44.

Lianhe Sowell International Group (NASDAQ:LHSW) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.79) earnings per share (EPS) for the quarter. The company had revenue of $8.37 million during the quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LHSW shares. Weiss Ratings restated a “sell (d)” rating on shares of Lianhe Sowell International Group in a report on Friday, August 14th. Wall Street Zen lowered shares of Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About Lianhe Sowell International Group

Lianhe Sowell International Group Limited (NASDAQ: LHSW) is a holding company focused on industrial automation and intelligent manufacturing solutions. Through its operating subsidiaries, the company provides equipment and related services designed to support automated production, inspection and quality-control processes.

Its offerings are centered on automation technologies such as machine-vision inspection systems and other production-line equipment. These solutions are intended to help manufacturers improve manufacturing efficiency, product consistency and process monitoring across industrial applications.

The company’s operations are primarily associated with the Chinese manufacturing market.