Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Decreases By 15.7%

Interlink Electronics, Inc. (NASDAQ:LINK) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 33,200 shares, a drop of 15.7% from the November 30th total of 39,400 shares. Based on an average daily volume of 73,000 shares, the short-interest ratio is presently 0.5 days. Currently, 2.0% of the shares of the company are sold short.

Interlink Electronics Trading Up 2.4 %

Shares of NASDAQ LINK traded up $0.15 during trading on Monday, reaching $6.45. 7,151 shares of the company traded hands, compared to its average volume of 25,773. The stock has a market cap of $41.81 million, a P/E ratio of 71.67 and a beta of 0.93. The firm’s fifty day simple moving average is $5.22 and its 200 day simple moving average is $4.38. Interlink Electronics has a 12-month low of $3.25 and a 12-month high of $9.33.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Interlink Electronics stock. IHT Wealth Management LLC boosted its stake in shares of Interlink Electronics, Inc. (NASDAQ:LINK) by 46.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 24,462 shares of the technology company’s stock after acquiring an additional 7,706 shares during the period. IHT Wealth Management LLC owned about 0.38% of Interlink Electronics worth $89,000 at the end of the most recent quarter. 0.44% of the stock is 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.