Lantronix, Inc. (NASDAQ:LTRX) Short Interest Up 85.5% in June

Lantronix, Inc. (NASDAQ:LTRX) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 965,615 shares, a growth of 85.5% from the May 31st total of 520,506 shares. Based on an average trading volume of 1,242,044 shares, the short-interest ratio is presently 0.8 days. Currently, 2.2% of the shares of the company are short sold.

Lantronix Price Performance

Shares of LTRX remained flat at $5.49 during trading hours on Friday. The stock had a trading volume of 2,051,100 shares, compared to its average volume of 1,530,631. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. Lantronix has a 12 month low of $2.86 and a 12 month high of $8.75. The stock has a market capitalization of $241.45 million, a P/E ratio of -32.29 and a beta of 1.69. The business’s fifty day simple moving average is $6.55 and its two-hundred day simple moving average is $6.19.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. The company had revenue of $30.18 million during the quarter, compared to analyst estimates of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Analysts anticipate that Lantronix will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LTRX. Needham & Company LLC assumed coverage on shares of Lantronix in a research note on Friday, June 12th. They issued a “buy” rating and a $11.00 price objective for the company. UBS Group restated a “buy” rating on shares of Lantronix in a research report on Friday, June 12th. Canaccord Genuity Group assumed coverage on shares of Lantronix in a report on Monday, June 8th. They set a “buy” rating and a $10.50 target price on the stock. Wall Street Zen downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.88.

Hedge Funds Weigh In On Lantronix

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its position in shares of Lantronix by 19.7% during the 1st quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock worth $178,000 after acquiring an additional 11,728 shares in the last quarter. XTX Topco Ltd acquired a new position in Lantronix during the second quarter valued at approximately $86,000. Marshall Wace LLP raised its position in Lantronix by 10.6% during the second quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock valued at $1,280,000 after purchasing an additional 42,838 shares in the last quarter. Manatuck Hill Partners LLC bought a new stake in Lantronix during the second quarter worth $302,000. Finally, Vanguard Group Inc. lifted its stake in Lantronix by 2.8% during the third quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock worth $6,795,000 after purchasing an additional 40,890 shares during the last quarter. 39.38% of the stock is currently owned by institutional investors and hedge funds.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.