Interlink Electronics, Inc. (NASDAQ:LINK) Sees Large Decline in Short Interest

Interlink Electronics, Inc. (NASDAQ:LINK) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 21,800 shares, a decline of 39.8% from the January 31st total of 36,200 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.3% of the company’s stock are sold short.

Interlink Electronics Stock Up 2.8 %

Shares of Interlink Electronics stock traded up $0.19 on Friday, hitting $6.89. 2,719 shares of the company’s stock traded hands, compared to its average volume of 27,985. Interlink Electronics has a 52-week low of $3.25 and a 52-week high of $10.90. The stock has a market cap of $44.66 million, a P/E ratio of 76.56 and a beta of 0.93. The firm’s 50-day moving average is $7.35 and its 200 day moving average is $5.44.

Institutional Trading of Interlink Electronics

A number of institutional investors and hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC grew its holdings in shares of Interlink Electronics by 10.3% during the fourth quarter. IHT Wealth Management LLC now owns 26,978 shares of the technology company’s stock valued at $168,000 after purchasing an additional 2,516 shares during the last quarter. Geode Capital Management LLC grew its stake in Interlink Electronics by 35.2% during the 4th quarter. Geode Capital Management LLC now owns 41,621 shares of the technology company’s stock worth $259,000 after buying an additional 10,827 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Interlink Electronics in the fourth quarter worth $177,000. 0.44% of the stock is owned by institutional investors and hedge funds.

About Interlink Electronics

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.