Lantronix, Inc. (NASDAQ:LTRX) Sees Large Growth in Short Interest

Lantronix, Inc. (NASDAQ:LTRX) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 616,984 shares, an increase of 22.7% from the February 12th total of 502,999 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 398,287 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 398,287 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.6% of the company’s stock are sold short.

Lantronix Trading Up 2.4%

NASDAQ LTRX opened at $6.32 on Monday. The firm’s fifty day moving average is $6.21 and its two-hundred day moving average is $5.48. Lantronix has a one year low of $1.91 and a one year high of $8.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 2.75. The firm has a market cap of $250.84 million, a PE ratio of -26.33 and a beta of 1.53.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Lantronix had a negative return on equity of 10.37% and a negative net margin of 7.90%.The firm had revenue of $29.77 million for the quarter, compared to analysts’ expectations of $29.94 million. Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. Analysts expect that Lantronix will post -0.23 earnings per share for the current year.

Insider Transactions at Lantronix

In other Lantronix news, insider Mathi Gurusamy sold 14,467 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $6.21, for a total value of $89,840.07. Following the completion of the transaction, the insider owned 55,569 shares of the company’s stock, valued at $345,083.49. This trade represents a 20.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lantronix

Large investors have recently bought and sold shares of the company. Bailard Inc. acquired a new stake in shares of Lantronix in the 3rd quarter worth $49,000. R Squared Ltd boosted its holdings in shares of Lantronix by 24.3% in the third quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock valued at $64,000 after acquiring an additional 2,754 shares in the last quarter. Invesco Ltd. acquired a new position in shares of Lantronix during the fourth quarter worth about $68,000. Bridgeway Capital Management LLC purchased a new position in Lantronix during the third quarter worth about $85,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Lantronix in the fourth quarter valued at about $86,000. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Wall Street Analyst Weigh In

LTRX has been the subject of a number of recent research reports. Needham & Company LLC lifted their target price on Lantronix from $7.50 to $8.50 and gave the company a “buy” rating in a report on Thursday, February 5th. Lake Street Capital increased their price target on Lantronix from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Craig Hallum reiterated a “buy” rating and issued a $10.00 price objective on shares of Lantronix in a research note on Thursday, February 5th. Wall Street Zen raised Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lantronix presently has a consensus rating of “Moderate Buy” and an average target price of $7.38.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.