Lantronix Inc (NASDAQ:LTRX) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 126,500 shares, a decline of 12.8% from the June 15th total of 145,100 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 64,400 shares, the short-interest ratio is presently 2.0 days.

LTRX traded down $0.11 during trading on Tuesday, hitting $3.47. The company had a trading volume of 873 shares, compared to its average volume of 50,193. The stock has a market capitalization of $80.41 million, a P/E ratio of 26.92 and a beta of 0.73. Lantronix has a one year low of $2.34 and a one year high of $6.47. The stock has a 50-day moving average of $3.40.

Separately, ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

In other Lantronix news, Director Paul F. Folino sold 32,780 shares of Lantronix stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $3.40, for a total transaction of $111,452.00. Following the completion of the sale, the director now owns 68,083 shares of the company’s stock, valued at approximately $231,482.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hoshi Printer sold 17,200 shares of Lantronix stock in a transaction on Friday, May 10th. The stock was sold at an average price of $3.31, for a total transaction of $56,932.00. Following the sale, the director now directly owns 90,840 shares of the company’s stock, valued at approximately $300,680.40. The disclosure for this sale can be found here. 43.30% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Cadence Capital Management LLC lifted its position in Lantronix by 1.8% during the 1st quarter. Cadence Capital Management LLC now owns 477,348 shares of the technology company’s stock worth $1,442,000 after buying an additional 8,404 shares in the last quarter. Acadian Asset Management LLC lifted its position in Lantronix by 22.9% during the 1st quarter. Acadian Asset Management LLC now owns 240,860 shares of the technology company’s stock worth $727,000 after buying an additional 44,894 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Lantronix by 36.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 187,973 shares of the technology company’s stock worth $553,000 after buying an additional 49,868 shares in the last quarter. BlackRock Inc. lifted its position in Lantronix by 7.7% during the 4th quarter. BlackRock Inc. now owns 133,221 shares of the technology company’s stock worth $391,000 after buying an additional 9,537 shares in the last quarter. Finally, Alambic Investment Management L.P. lifted its position in Lantronix by 37.2% during the 1st quarter. Alambic Investment Management L.P. now owns 18,163 shares of the technology company’s stock worth $55,000 after buying an additional 4,923 shares in the last quarter. 17.96% of the stock is currently owned by hedge funds and other institutional investors.

About Lantronix

Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.

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