Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Declines By 39.8%

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC raised its stake in shares of Interlink Electronics by 10.3% in the fourth 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. Geode Capital Management LLC raised 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 valued at $259,000 after purchasing an additional 10,827 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in Interlink Electronics during the 4th quarter valued at approximately $177,000. Institutional investors own 0.44% of the company’s stock.

Interlink Electronics Stock Performance

Shares of NASDAQ LINK traded down $0.76 during trading on Tuesday, hitting $5.87. The company had a trading volume of 24,467 shares, compared to its average volume of 27,631. The stock has a 50 day simple moving average of $7.36 and a 200 day simple moving average of $5.47. Interlink Electronics has a 12 month low of $3.25 and a 12 month high of $10.90. The firm has a market capitalization of $38.05 million, a P/E ratio of 65.22 and a beta of 0.93.

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.