Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Drops By 16.9%

Interlink Electronics, Inc. (NASDAQ:LINK) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 20,100 shares, a drop of 16.9% from the February 28th total of 24,200 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 26,000 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. IHT Wealth Management LLC raised its holdings in Interlink Electronics by 46.0% during the 3rd quarter. IHT Wealth Management LLC now owns 24,462 shares of the technology company’s stock valued at $89,000 after buying an additional 7,706 shares during the period. Sequoia Financial Advisors LLC bought a new position in Interlink Electronics during the fourth quarter valued at $177,000. Finally, Geode Capital Management LLC raised its stake in shares of Interlink Electronics by 35.2% in the fourth quarter. Geode Capital Management LLC now owns 41,621 shares of the technology company’s stock valued at $259,000 after acquiring an additional 10,827 shares during the period. Institutional investors own 0.44% of the company’s stock.

Interlink Electronics Stock Performance

Shares of LINK traded down $0.04 during mid-day trading on Thursday, hitting $6.38. 2,902 shares of the stock were exchanged, compared to its average volume of 29,827. The company has a market cap of $41.36 million, a PE ratio of 70.89 and a beta of 0.93. The firm has a 50-day moving average of $7.13 and a two-hundred day moving average of $5.80. Interlink Electronics has a 52-week low of $3.25 and a 52-week high of $10.90.

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.