Lantronix, Inc. (NASDAQ:LTRX – Get Rating) saw a significant spike in short interest in August. As of August 31, there was short interest totaling 506,200 shares, an increase of 82.5% from August 15 of 277,400 shares. About 1.8% of the company’s shares are sold short. Based on an average daily volume of 136,100 shares, the short interest ratio is currently 3.7 days.
insider activity
In related news, CEO Paul H. Pickle sold 5,193 shares of the company’s stock in a transaction Monday, August 29. The shares were sold at an average price of $6.51 for a total transaction of $33,806.43. Following the completion of the sale, the Chief Executive Officer now owns 472,403 shares of the Company, valued at $3,075,343.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this link. In related news, CEO Paul H. Pickle sold 5,192 shares of the company’s stock in a transaction on Wednesday, August 31. The shares sold at an average price of $6.20 for a total transaction of $32,190.40. Upon completion of the sale, the Chief Executive Officer now owns 462,018 shares of the Company, valued at $2,864,511.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Paul H. Pickle sold 5,193 shares of the stock in a transaction on Monday, August 29. The stock sold at an average price of $6.51 for a total transaction of $33,806.43. Following the transaction, the Chief Executive Officer now owns 472,403 shares of the Company, valued at approximately $3,075,343.53. The disclosure for this sale can be found here. Insiders sold a total of 112,642 shares of the company’s shares worth $670,142 last quarter. Insiders own 25.80% of the company’s shares.
Hedge funds rely on Lantronix
A number of major investors recently changed their holdings of LTRX. Dimensional Fund Advisors LP increased its position in Lantronix shares by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 445,049 shares of the technology company, valued at $3,485,000, having purchased an additional 10,327 shares during the period. Acadian Asset Management LLC increased its stake in Lantronix by 93.0% in the fourth quarter. Acadian Asset Management LLC now owns 218,015 shares of the technology company’s stock valued at $1,706,000 after purchasing an additional 105,058 shares last quarter. Qube Research & Technologies Ltd acquired a new interest in Lantronix valued at approximately $108,000 during the fourth quarter. EAM Global Investors LLC acquired a new interest in Lantronix valued at approximately $1,841,000 during the fourth quarter. Finally, Renaissance Technologies LLC increased its stake in Lantronix by 22.3% during the fourth quarter. Renaissance Technologies LLC now owns 835,794 shares of the technology company’s stock valued at $6,544,000 after purchasing an additional 152,430 shares last quarter. 33.62% of the shares are currently held by institutional investors.
Lantronix stock performance
NASDAQ:LTRX traded down $0.16 on Friday to hit $5.32. 605,692 shares of the Company were exchanged compared to an average volume of 196,412. The company has a gearing ratio of 0.18, a current ratio of 2.53 and a quick ratio of 1.47. The company has a market cap of $186.94 million, a price to earnings ratio of -29.55 and a beta of 2.30. Lantronix has a 52-week low of $4.65 and a 52-week high of $10.25. The stock has a 50-day simple moving average of $6.41 and a 200-day simple moving average of $6.11.
Lantronix (NASDAQ:LTRX – Get Rating) last released its quarterly earnings data on Thursday, August 25th. The tech company reported earnings per share of $0.08 for the quarter, beating analysts’ consensus estimate of $0.08. Lantronix had a negative net margin of 4.14% and a negative return on equity of 7.74%. For the same period last year, the company made ($0.04) earnings per share. As a group, sell-side analysts are forecasting Lantronix to report year-to-date earnings per share of 0.07.
About Lantronix
(get rating)
Lantronix, Inc provides software as a service (SaaS), engineering services, and hardware for Edge Computing, Internet of Things (IoT), and Remote Environment Management (REM) in the Americas, Europe, the Middle East, Africa, and the United States to Asia Pacific Japan. The company’s IoT products include IoT Connectivity, which provides wired and wireless connections that enhance the value and utility of modern electronic systems and devices through secure network connectivity, power delivery for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments and various other functions; IoT compute, such as B. Application processing that provides computing power to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and IoT Telematics, which offers energy-efficient products designed to support communications across interfaces and industry protocols for tracking and managing vehicles, fleets, and assets.
Further reading
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