LM Funding America, Inc. (NASDAQ:LMFA) Sees Significant Drop in Short Interest

LM Funding America, Inc. (NASDAQ:LMFA) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 534,317 shares, a decrease of 35.6% from the November 30th total of 829,423 shares. Approximately 5.2% of the shares of the stock are sold short. Based on an average daily volume of 308,722 shares, the short-interest ratio is currently 1.7 days. Based on an average daily volume of 308,722 shares, the short-interest ratio is currently 1.7 days. Approximately 5.2% of the shares of the stock are sold short.

Institutional Trading of LM Funding America

A number of institutional investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in shares of LM Funding America during the 2nd quarter valued at $54,000. Jane Street Group LLC bought a new stake in LM Funding America in the second quarter valued at about $70,000. GSA Capital Partners LLP bought a new stake in LM Funding America in the third quarter valued at about $70,000. Two Sigma Investments LP acquired a new position in LM Funding America in the third quarter valued at about $100,000. Finally, Armistice Capital LLC boosted its holdings in LM Funding America by 28.4% during the second quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock worth $1,138,000 after buying an additional 87,905 shares during the last quarter. Institutional investors and hedge funds own 22.73% of the company’s stock.

Wall Street Analyst Weigh In

LMFA has been the topic of several research reports. Wall Street Zen upgraded shares of LM Funding America from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LM Funding America in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, LM Funding America has an average rating of “Hold” and an average target price of $5.00.

LM Funding America Trading Down 3.1%

LM Funding America stock traded down $0.01 during mid-day trading on Monday, hitting $0.45. The stock had a trading volume of 445,723 shares, compared to its average volume of 370,846. The stock has a 50-day simple moving average of $0.89 and a two-hundred day simple moving average of $1.50. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $5.43 million, a PE ratio of -0.19 and a beta of 1.76. LM Funding America has a 12 month low of $0.44 and a 12 month high of $5.14.

LM Funding America (NASDAQ:LMFA) last released its earnings results on Friday, November 14th. The financial services provider reported ($0.49) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.49). The company had revenue of $2.44 million for the quarter, compared to the consensus estimate of $2.50 million. LM Funding America had a negative net margin of 83.44% and a negative return on equity of 30.25%. As a group, sell-side analysts forecast that LM Funding America will post -5.5 EPS for the current year.

LM Funding America Company Profile

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.