Linkhome Holdings Inc. (NASDAQ:LHAI) Short Interest Up 10,801.8% in July

Linkhome Holdings Inc. (NASDAQ:LHAI) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,923,520 shares, a growth of 10,801.8% from the June 30th total of 17,644 shares. Based on an average daily trading volume, of 48,669,933 shares, the short-interest ratio is presently 0.0 days. Currently, 17.2% of the shares of the company are sold short.

Institutional Trading of Linkhome

Large investors have recently made changes to their positions in the business. 683 Capital Management LLC purchased a new position in shares of Linkhome during the fourth quarter worth $573,000. OMERS ADMINISTRATION Corp purchased a new stake in Linkhome in the fourth quarter valued at $175,000. Goldman Sachs Group Inc. purchased a new stake in Linkhome in the fourth quarter valued at $101,000. Millennium Management LLC acquired a new stake in Linkhome during the 3rd quarter worth about $268,000. Finally, Citadel Advisors LLC acquired a new stake in Linkhome during the 3rd quarter worth about $120,000.

Analysts Set New Price Targets

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 data from MarketBeat, the company has a consensus rating of “Sell”.

Linkhome Stock Down 5.0%

Shares of NASDAQ:LHAI opened at $0.90 on Friday. Linkhome has a 52-week low of $0.53 and a 52-week high of $15.66. The stock has a market cap of $14.64 million and a price-to-earnings ratio of -45.11. The business has a 50-day moving average price of $0.99 and a 200-day moving average price of $1.59.

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

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.