Short Interest in Lizhi Inc. (NASDAQ:LIZI) Grows By 100.6%

Lizhi Inc. (NASDAQ:LIZI – Get Rating) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 778,000 shares, an increase of 100.6% from the March 15th total of 387,800 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily trading volume, of 423,800 shares, the days-to-cover ratio is currently 1.8 days.

NASDAQ:LIZI opened at $1.22 on Friday. The company’s 50 day moving average price is $1.48 and its 200-day moving average price is $2.00. Lizhi has a 52 week low of $0.87 and a 52 week high of $8.38. The stock has a market cap of $56.62 million, a price-to-earnings ratio of -3.05 and a beta of 1.42.

Lizhi (NASDAQ:LIZI – Get Rating) last posted its quarterly earnings results on Thursday, March 10th. The company reported $0.03 EPS for the quarter. Lizhi had a negative net margin of 5.95% and a negative return on equity of 57.74%. The firm had revenue of $87.93 million for the quarter.

Large investors have recently bought and sold shares of the company. Marshall Wace LLP grew its holdings in shares of Lizhi by 87.2% during the third quarter. Marshall Wace LLP now owns 140,212 shares of the company’s stock valued at $444,000 after buying an additional 65,312 shares during the last quarter. Citigroup Inc. boosted its holdings in Lizhi by 3,974.2% in the third quarter. Citigroup Inc. now owns 95,947 shares of the company’s stock worth $304,000 after purchasing an additional 93,592 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in Lizhi in the third quarter worth approximately $185,000. Morgan Stanley boosted its holdings in Lizhi by 6,488.9% in the second quarter. Morgan Stanley now owns 157,474 shares of the company’s stock worth $1,155,000 after purchasing an additional 155,084 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Lizhi by 975.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 283,882 shares of the company’s stock worth $525,000 after purchasing an additional 257,475 shares during the last quarter. Hedge funds and other institutional investors own 4.97% of the company’s stock.

Lizhi Company Profile (Get Rating)

LIZHI INC. operates an online user-generated content audio community, interactive audio entertainment platform, and online audio platform in China and the United States. It provides podcasts, live streaming, and audio entertainment products. The company also offers Lizhi app that allows users to record and share their voices on mobile devices; Tiya App, an audio-based social networking product; and LIZHI Podcast, a podcast app to provide curated podcast content.

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