Lucas GC Limited (NASDAQ:LGCL) Sees Significant Increase in Short Interest

Lucas GC Limited (NASDAQ:LGCL – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 21,292 shares, a growth of 238.6% from the September 30th total of 6,289 shares. Based on an average daily trading volume, of 4,153,594 shares, the days-to-cover ratio is currently 0.0 days. Approximately 6.3% of the company’s stock are short sold.

Lucas GC Trading Down 0.8%

Shares of LGCL opened at $1.29 on Friday. Lucas GC has a 52 week low of $1.24 and a 52 week high of $446.25. The firm’s 50-day simple moving average is $3.04 and its 200 day simple moving average is $156.86.

Lucas GC (NASDAQ:LGCL – Get Free Report) last posted its quarterly earnings data on Thursday, October 8th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $18.05 million for the quarter.

Analysts Set New Price Targets

LGCL has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a research note on Thursday, October 22nd. Wall Street Zen upgraded Lucas GC to a “hold” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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Lucas GC Company Profile

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Lucas GC Limited (NASDAQ: LGCL) is a global immigration services company that assists individuals and families seeking residency, citizenship, education, or other opportunities outside their home countries. The company provides consulting and application-support services designed to help clients evaluate and pursue international relocation options.

Its services may include immigration program consultation, document preparation, application coordination, and related support for investment-based, family-based, employment-based, and other immigration pathways.

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