Lucas GC Limited (NASDAQ:LGCL) Short Interest Down 88.6% in July

Lucas GC Limited (NASDAQ:LGCL) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 260,185 shares, a decrease of 88.6% from the June 30th total of 2,284,068 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,710,764 shares, the days-to-cover ratio is currently 0.1 days.

Lucas GC Stock Down 22.7%

Shares of LGCL traded down $0.40 during trading hours on Friday, hitting $1.36. The company had a trading volume of 4,514,400 shares, compared to its average volume of 11,163,411. The stock’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.76. Lucas GC has a 52-week low of $0.65 and a 52-week high of $41.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Lucas GC in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Lucas GC

A hedge fund recently bought a new stake in Lucas GC stock. Boothbay Fund Management LLC bought a new position in Lucas GC Limited (NASDAQ:LGCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,500 shares of the company’s stock, valued at approximately $29,000.

About Lucas GC

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.