Short Interest in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) Declines By 39.9%

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 13,196 shares, a drop of 39.9% from the August 15th total of 21,939 shares. Based on an average daily volume of 251,435 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the stock are sold short.

Analyst Ratings Changes

Several brokerages have recently weighed in on LHSW. Wall Street Zen cut Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Lianhe Sowell International Group in a research report on Friday, August 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Lianhe Sowell International Group Stock Performance

Shares of LHSW traded down $0.04 during mid-day trading on Wednesday, reaching $0.52. 814,729 shares of the stock traded hands, compared to its average volume of 1,785,542. Lianhe Sowell International Group has a 1 year low of $0.43 and a 1 year high of $47.52. The firm has a fifty day moving average price of $2.74 and a 200 day moving average price of $2.84. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.05.

Lianhe Sowell International Group (NASDAQ:LHSW) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.79) earnings per share (EPS) for the quarter. The company had revenue of $8.37 million during the quarter.

About Lianhe Sowell International Group

Lianhe Sowell International Group Ltd. is a holding company, which engages in trading of electronic products and software development. Its products include Intelligent traffic, low voltage Intelligent Integration, Industrial Intelligence, Industrial machine vision, and precision visual Al painting robot. The company was founded by Yue Zhu on April 6, 2007 and is headquartered in Shenzhen, China.