Linkhome Holdings Inc. (NASDAQ:LHAI) Short Interest Update

Linkhome Holdings Inc. (NASDAQ:LHAIGet Free Report) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 773,972 shares, a decline of 59.8% from the July 15th total of 1,923,520 shares. Based on an average daily trading volume, of 373,363 shares, the days-to-cover ratio is presently 2.1 days. Approximately 6.9% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on Linkhome

Linkhome Stock Down 3.0%

NASDAQ LHAI traded down $0.02 during trading on Friday, hitting $0.78. 79,071 shares of the stock traded hands, compared to its average volume of 254,257. The company has a market capitalization of $12.82 million and a P/E ratio of -25.86. The firm has a 50-day simple moving average of $0.97 and a 200-day simple moving average of $1.12. Linkhome has a 12-month low of $0.53 and a 12-month high of $15.66.

Linkhome (NASDAQ:LHAIGet Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $5.41 million during the quarter. Linkhome had a negative return on equity of 7.86% and a negative net margin of 2.83%.

Insider Activity at Linkhome

In related news, CEO Zhen Qin sold 625,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $0.80, for a total transaction of $500,000.00. Following the completion of the transaction, the chief executive officer owned 3,820,000 shares in the company, valued at approximately $3,056,000. This represents a 14.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 31.24% of the company’s stock.

Institutional Investors Weigh In On Linkhome

Hedge funds have recently bought and sold shares of the business. 683 Capital Management LLC bought a new position in Linkhome during the fourth quarter valued at $573,000. Millennium Management LLC purchased a new position in Linkhome in the third quarter worth about $268,000. OMERS ADMINISTRATION Corp purchased a new position in Linkhome in the fourth quarter worth about $175,000. Goldman Sachs Group Inc. bought a new stake in Linkhome during the fourth quarter worth approximately $101,000. Finally, Citadel Advisors LLC purchased a new stake in Linkhome during the third quarter valued at approximately $120,000.

About Linkhome

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Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.

Further Reading

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