LM Funding America, Inc. (NASDAQ:LMFA) Sees Large Decline in Short Interest

LM Funding America, Inc. (NASDAQ:LMFA) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 144,500 shares, a decrease of 25.5% from the March 31st total of 193,900 shares. Based on an average daily volume of 127,800 shares, the days-to-cover ratio is presently 1.1 days. Currently, 7.1% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of LM Funding America in a research report on Wednesday, April 3rd.

LM Funding America Price Performance

Shares of NASDAQ LMFA opened at $2.72 on Friday. LM Funding America has a 1 year low of $1.63 and a 1 year high of $8.22. The firm has a fifty day moving average price of $3.06 and a 200-day moving average price of $2.83.

LM Funding America (NASDAQ:LMFA) last issued its earnings results on Monday, April 1st. The financial services provider reported ($0.67) earnings per share for the quarter, topping the consensus estimate of ($1.20) by $0.53. The company had revenue of $4.06 million during the quarter, compared to the consensus estimate of $3.50 million. LM Funding America had a negative net margin of 122.79% and a negative return on equity of 19.98%. As a group, equities analysts expect that LM Funding America will post -4.28 EPS for the current year.

LM Funding America Company Profile

LM Funding America, Inc operates as a cryptocurrency mining and technology-based specialty finance company. It engages in Bitcoin mining operations. The company also provides funding to nonprofit community associations primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois.