Lantronix, Inc. (NASDAQ:LTRX – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,381,201 shares, an increase of 146.6% from the June 15th total of 965,615 shares. Approximately 5.5% of the company’s shares are short sold. Based on an average trading volume of 1,902,063 shares, the short-interest ratio is currently 1.3 days.
Institutional Trading of Lantronix
Large investors have recently bought and sold shares of the company. Jane Street Group LLC raised its position in shares of Lantronix by 19.7% in the 1st quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock worth $178,000 after acquiring an additional 11,728 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Lantronix in the 2nd quarter valued at approximately $86,000. Marshall Wace LLP boosted its position in shares of Lantronix by 10.6% during the second quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock valued at $1,280,000 after purchasing an additional 42,838 shares in the last quarter. Manatuck Hill Partners LLC bought a new stake in shares of Lantronix during the second quarter valued at approximately $302,000. Finally, Vanguard Group Inc. grew its stake in Lantronix by 2.8% in the third quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock worth $6,795,000 after purchasing an additional 40,890 shares during the period. 39.38% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on LTRX shares. Wall Street Zen cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Canaccord Genuity Group increased their target price on shares of Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. UBS Group restated a “buy” rating on shares of Lantronix in a report on Friday, June 12th. Finally, Needham & Company LLC began coverage on Lantronix in a research report on Friday, June 12th. They set a “buy” rating and a $11.00 price target for the company. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.
Lantronix Trading Up 2.3%
NASDAQ LTRX traded up $0.12 during trading on Tuesday, hitting $5.43. The company had a trading volume of 109,800 shares, compared to its average volume of 1,060,410. The company’s fifty day moving average is $6.41 and its 200-day moving average is $6.19. Lantronix has a one year low of $2.86 and a one year high of $8.75. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The company has a market cap of $238.81 million, a price-to-earnings ratio of -31.94 and a beta of 1.69.
Lantronix (NASDAQ:LTRX – Get Free Report) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. The company had revenue of $30.18 million for the quarter, compared to the consensus estimate of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, sell-side analysts predict that Lantronix will post -0.11 earnings per share for the current year.
About Lantronix
Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.
Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.
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