Interlink Electronics, Inc. (NASDAQ:LINK) Short Interest Up 24.7% in December

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 41,400 shares, an increase of 24.7% from the December 15th total of 33,200 shares. Based on an average daily trading volume, of 74,600 shares, the short-interest ratio is currently 0.6 days. Currently, 2.5% of the company’s stock are short sold.

Interlink Electronics Price Performance

NASDAQ LINK traded up $1.07 on Friday, hitting $7.47. 28,391 shares of the stock were exchanged, compared to its average volume of 18,123. The business’s fifty day moving average is $5.74 and its 200 day moving average is $4.63. Interlink Electronics has a 52 week low of $3.25 and a 52 week high of $9.33. The company has a market capitalization of $48.42 million, a PE ratio of 83.00 and a beta of 0.93.

Institutional Investors Weigh In On Interlink Electronics

A hedge fund recently raised its stake in Interlink Electronics stock. IHT Wealth Management LLC boosted its holdings in shares of Interlink Electronics, Inc. (NASDAQ:LINK) by 46.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,462 shares of the technology company’s stock after buying an additional 7,706 shares during the quarter. IHT Wealth Management LLC owned approximately 0.38% of Interlink Electronics worth $89,000 at the end of the most recent reporting period. 0.44% of the stock is currently owned by institutional investors and hedge funds.

Interlink Electronics Company Profile

Interlink Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells force-sensing technologies that incorporate proprietary materials technology, firmware, and software into sensor-based products and custom sensor system solutions in the United States, Asia, the Middle East, Europe, and internationally.