Lianluo Smart Ltd (NASDAQ:LLIT) Short Interest Update

Lianluo Smart Ltd (NASDAQ:LLIT) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 5,300 shares, a drop of 54.3% from the July 31st total of 11,600 shares. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the company’s shares are sold short.

An institutional investor recently bought a new position in Lianluo Smart stock. Citadel Advisors LLC bought a new position in shares of Lianluo Smart Ltd (NASDAQ:LLIT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,478 shares of the medical equipment provider’s stock, valued at approximately $27,000. Citadel Advisors LLC owned about 0.12% of Lianluo Smart as of its most recent SEC filing. 0.69% of the stock is currently owned by institutional investors.

NASDAQ LLIT traded up $0.03 during mid-day trading on Friday, reaching $0.80. 16 shares of the stock were exchanged, compared to its average volume of 2,590. Lianluo Smart has a one year low of $0.67 and a one year high of $2.00. The stock has a 50 day simple moving average of $0.86 and a 200-day simple moving average of $1.24.

Lianluo Smart Company Profile

Lianluo Smart Limited, through its subsidiaries, designs, develops, markets, and distributes medical products and medical components primarily in the People's Republic of China. The company offers medical devices, including sleep apnea diagnostic products, general hospital products, medical compressors, and related supporting products, such as laryngoscope.

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