Lantronix, Inc. (NASDAQ:LTRX) Short Interest Down 21.3% in December

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 235,400 shares, a decrease of 21.3% from the December 15th total of 299,200 shares. Based on an average daily trading volume, of 425,800 shares, the short-interest ratio is presently 0.6 days.

Insider Buying and Selling

In other news, CEO Saleel Awsare purchased 80,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was bought at an average cost of $2.66 per share, for a total transaction of $212,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 233,184 shares of the company's stock, valued at approximately $620,269.44. The trade was a 52.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hoshi Printer purchased 15,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $2.90 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the director now owns 176,075 shares of the company's stock, valued at $510,617.50. The trade was a 9.31 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in Lantronix by 235.9% during the third quarter. Barclays PLC now owns 62,321 shares of the technology company's stock valued at $257,000 after purchasing an additional 43,770 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lantronix by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company's stock valued at $1,394,000 after buying an additional 10,413 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Lantronix in the third quarter valued at $60,000. Walleye Capital LLC raised its stake in Lantronix by 61.9% during the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company's stock worth $294,000 after acquiring an additional 27,325 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of Lantronix during the second quarter valued at $50,000. Institutional investors and hedge funds own 39.38% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LTRX. Needham & Company LLC lowered their price objective on shares of Lantronix from $7.00 to $5.50 and set a "buy" rating on the stock in a research note on Monday, November 11th. Canaccord Genuity Group decreased their price target on shares of Lantronix from $7.50 to $5.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Finally, StockNews.com downgraded shares of Lantronix from a "strong-buy" rating to a "buy" rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $6.50.

Lantronix Stock Performance

LTRX traded up $0.01 during trading on Wednesday, reaching $3.47. 353,060 shares of the company's stock were exchanged, compared to its average volume of 489,804. Lantronix has a fifty-two week low of $2.48 and a fifty-two week high of $6.95. The company has a market capitalization of $133.51 million, a P/E ratio of -24.78 and a beta of 1.94. The company has a quick ratio of 1.78, a current ratio of 2.61 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $3.43 and a 200 day moving average price of $3.69.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.