Lucas GC Limited (NASDAQ:LGCL) Short Interest Up 491.6% in August

Lucas GC Limited (NASDAQ:LGCL) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,719,365 shares, a growth of 491.6% from the August 15th total of 290,608 shares. Currently, 505.7% of the company’s stock are short sold. Based on an average daily trading volume, of 166,619,031 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Lucas GC

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

Lucas GC Price Performance

LGCL traded up $0.08 during trading on Friday, reaching $3.15. The company’s stock had a trading volume of 173,338 shares, compared to its average volume of 826,563. The company’s fifty day moving average price is $104.16 and its 200-day moving average price is $177.59. Lucas GC has a 52-week low of $2.94 and a 52-week high of $924.50.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LGCL. Wall Street Zen raised shares of Lucas GC to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a research report on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Lucas GC presently has a consensus rating of “Sell”.

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.