Linkhome Holdings Inc. (NASDAQ:LHAI) Short Interest Up 86.9% in March

Linkhome Holdings Inc. (NASDAQ:LHAI) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 73,751 shares, a growth of 86.9% from the March 15th total of 39,456 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 50,867 shares, the short-interest ratio is presently 1.4 days.

Linkhome Stock Up 2.6%

Shares of LHAI stock opened at $1.18 on Wednesday. The business’s fifty day moving average price is $1.28 and its 200 day moving average price is $6.29. Linkhome has a 1-year low of $1.02 and a 1-year high of $22.33.

Linkhome (NASDAQ:LHAI) last issued its earnings results on Thursday, March 26th. The company reported ($0.01) EPS for the quarter. The company had revenue of $5.08 million for the quarter. Linkhome had a negative return on equity of 4.62% and a negative net margin of 1.10%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. 683 Capital Management LLC purchased a new stake in shares of Linkhome during the 4th quarter worth approximately $573,000. Millennium Management LLC purchased a new position in Linkhome in the 3rd quarter valued at approximately $268,000. OMERS ADMINISTRATION Corp acquired a new position in Linkhome during the fourth quarter worth $175,000. Goldman Sachs Group Inc. purchased a new stake in Linkhome during the fourth quarter worth $101,000. Finally, Citadel Advisors LLC acquired a new stake in Linkhome in the third quarter valued at $120,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Linkhome from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Linkhome has a consensus rating of “Sell”.

Linkhome Company Profile

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.