Lucas GC Limited (NASDAQ:LGCL) Stock Short Interest Drops 51.4%

Lucas GC Limited (NASDAQ:LGCL) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,289 shares, a decrease of 51.4% from the September 15th total of 12,943 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 180,315 shares, the short-interest ratio is currently 0.0 days.

Lucas GC Trading Down 2.7%

Shares of Lucas GC stock traded down $0.05 during trading hours on Thursday, reaching $1.81. The company’s stock had a trading volume of 37,327 shares, compared to its average volume of 342,532. The company’s 50 day simple moving average is $31.65 and its 200 day simple moving average is $143.67. Lucas GC has a one year low of $1.75 and a one year high of $466.25.

Lucas GC (NASDAQ:LGCL) last posted its earnings results on Thursday, October 8th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $18.05 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Lucas GC to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Lucas GC has an average rating of “Sell”.

About Lucas GC

Lucas GC Limited is a financial services company that operates primarily through subsidiaries in Hong Kong. The company provides services designed to support corporate and institutional clients, as well as investors, across several areas of the financial markets.

Its business activities include corporate finance advisory, securities brokerage, securities underwriting and related capital-markets services. Lucas GC also provides asset management and investment advisory services, helping clients manage investments and pursue financing or strategic objectives.

The company is organized as a holding company incorporated in the Cayman Islands, with operating activities centered in Hong Kong.