Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Drops By 17.9%

Interlink Electronics, Inc. (NASDAQ:LINK) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 16,500 shares, a decrease of 17.9% from the March 15th total of 20,100 shares. Based on an average daily volume of 23,900 shares, the short-interest ratio is presently 0.7 days. Currently, 1.0% of the shares of the stock are short sold.

Interlink Electronics Stock Up 5.6 %

Shares of LINK stock traded up $0.32 during mid-day trading on Monday, reaching $6.08. 3,499 shares of the stock traded hands, compared to its average volume of 30,068. The stock’s fifty day simple moving average is $6.36 and its two-hundred day simple moving average is $6.02. Interlink Electronics has a 1-year low of $3.25 and a 1-year high of $10.90. The company has a market cap of $39.41 million, a price-to-earnings ratio of 67.56 and a beta of 0.93.

Institutional Investors Weigh In On Interlink Electronics

Institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC grew its position in shares of Interlink Electronics by 10.3% during the 4th quarter. IHT Wealth Management LLC now owns 26,978 shares of the technology company’s stock worth $168,000 after buying an additional 2,516 shares during the period. Sequoia Financial Advisors LLC bought a new position in Interlink Electronics during the 4th quarter valued at $177,000. Finally, Geode Capital Management LLC boosted its holdings 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 acquiring an additional 10,827 shares during the last quarter. 0.44% of the stock is owned by 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.