Short Interest in Lendway, Inc. (NASDAQ:LDWY) Increases By 51.4%

Lendway, Inc. (NASDAQ:LDWY) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 30,608 shares, a growth of 51.4% from the November 30th total of 20,212 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average trading volume of 82,615 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 82,615 shares, the short-interest ratio is currently 0.4 days. Approximately 2.0% of the company’s stock are short sold.

Lendway Stock Performance

LDWY stock traded down $0.02 during trading on Monday, hitting $3.39. 9,826 shares of the company’s stock traded hands, compared to its average volume of 11,185. The stock has a market capitalization of $5.99 million, a price-to-earnings ratio of -1.39 and a beta of 2.64. Lendway has a 52 week low of $3.11 and a 52 week high of $6.19. The stock has a fifty day moving average price of $3.86 and a two-hundred day moving average price of $4.66. The company has a quick ratio of 0.47, a current ratio of 1.80 and a debt-to-equity ratio of 3.59.

Lendway (NASDAQ:LDWY) last released its quarterly earnings data on Monday, November 10th. The company reported ($1.61) earnings per share (EPS) for the quarter. The company had revenue of $5.15 million for the quarter. Lendway had a negative net margin of 9.15% and a negative return on equity of 34.26%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Lendway in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lendway has an average rating of “Sell”.

About Lendway

Lendway, Inc operates as a specialty agricultural and finance company focusing on making and managing its agricultural investments in the United States and internationally. It owns and operates FarmlandCredit.com, a non-bank lending business that seeks to purchase existing loans and/or originate and fund new loans domestically. The company was formerly known as Insignia Systems, Inc and changed its name to Lendway, Inc in August 2023. The company was incorporated in 1990 and is headquartered in Minneapolis, Minnesota.