Interlink Electronics, Inc. (NASDAQ:LINK) Short Interest Down 19.8% in November

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 41,000 shares, a drop of 19.8% from the October 31st total of 51,100 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 60,000 shares, the days-to-cover ratio is currently 0.7 days.

Interlink Electronics Trading Up 2.4 %

Shares of Interlink Electronics stock traded up $0.12 during trading hours on Friday, reaching $4.94. The stock had a trading volume of 30,264 shares, compared to its average volume of 23,891. Interlink Electronics has a 1 year low of $3.25 and a 1 year high of $9.33. The firm has a market capitalization of $32.02 million, a price-to-earnings ratio of 54.89 and a beta of 0.93. The firm has a 50 day simple moving average of $4.29 and a two-hundred day simple moving average of $4.22.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Interlink Electronics stock. IHT Wealth Management LLC lifted its holdings in shares of Interlink Electronics, Inc. (NASDAQ:LINK) by 46.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,462 shares of the technology company’s stock after acquiring an additional 7,706 shares during the quarter. IHT Wealth Management LLC owned about 0.38% of Interlink Electronics worth $89,000 as of its most recent filing with the Securities and Exchange Commission. 0.44% of the stock is owned by hedge funds and other institutional investors.

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.