LZ Technology Holdings Limited (NASDAQ:LZMH) Short Interest Update

LZ Technology Holdings Limited (NASDAQ:LZMH) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 93,701 shares, an increase of 118.3% from the May 31st total of 42,920 shares. Based on an average daily trading volume, of 1,186,372 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.0% of the company’s stock are sold short.

Institutional Investors Weigh In On LZ Technology

Several hedge funds and other institutional investors have recently bought and sold shares of LZMH. BNP Paribas Financial Markets purchased a new stake in LZ Technology in the second quarter valued at $51,000. PharVision Advisers LLC acquired a new position in LZ Technology in the third quarter valued at $58,000. Finally, Jane Street Group LLC purchased a new position in shares of LZ Technology during the fourth quarter worth about $33,000.

Wall Street Analysts Forecast Growth

LZMH has been the topic of several analyst reports. Wall Street Zen raised shares of LZ Technology to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings cut shares of LZ Technology from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

LZ Technology Stock Up 3.3%

Shares of LZMH opened at $1.27 on Tuesday. LZ Technology has a 52-week low of $1.03 and a 52-week high of $359.00. The stock has a 50 day moving average price of $1.67 and a 200 day moving average price of $17.87.

LZ Technology (NASDAQ:LZMH) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($1.20) earnings per share for the quarter. The business had revenue of $51.80 million for the quarter.

LZ Technology Company Profile

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services. For the six months ended June 30, 2024 and 2023, the Company had a total of 168 and 102 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.