Linkhome Holdings Inc. (NASDAQ:LHAI) Short Interest Down 65.2% in June

Linkhome Holdings Inc. (NASDAQ:LHAI) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 17,644 shares, a decrease of 65.2% from the June 15th total of 50,747 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 138,670 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Linkhome

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

Linkhome Trading Up 22.0%

NASDAQ:LHAI traded up $0.22 on Tuesday, hitting $1.22. The company had a trading volume of 93,093,694 shares, compared to its average volume of 4,020,879. Linkhome has a 52 week low of $0.53 and a 52 week high of $22.33. The stock has a market capitalization of $19.80 million and a price-to-earnings ratio of -61.00. The firm has a 50 day moving average of $1.01 and a two-hundred day moving average of $1.97.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Linkhome in a report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

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.