Short Interest in Lendway, Inc. (NASDAQ:TULP) Decreases By 48.7%

Lendway, Inc. (NASDAQ:TULP) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 9,974 shares, a drop of 48.7% from the June 15th total of 19,438 shares. Based on an average daily volume of 5,046 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.2% of the company’s stock are sold short.

Lendway Stock Performance

Lendway stock opened at $3.53 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.26 and a debt-to-equity ratio of 5.08. Lendway has a one year low of $3.11 and a one year high of $6.19. The business’s 50-day moving average price is $3.78. The company has a market capitalization of $16.84 million, a price-to-earnings ratio of -1.28 and a beta of 2.60.

Lendway (NASDAQ:TULP) last posted its earnings results on Wednesday, May 13th. The company reported ($0.43) EPS for the quarter. Lendway had a negative net margin of 9.79% and a negative return on equity of 42.76%. The business had revenue of $14.44 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lendway in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lendway currently has an average rating of “Sell”.

Lendway Company Profile

Insignia Systems, Inc provides in-store advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages in the United States. It offers in-store signage solutions, which provides point-of-purchase services; merchandising solutions that include various corrugate displays, side caps, free standing shippers, and customized end-cap solutions; and on-pack solutions, which include BoxTalk, coupons, recipes, and cross-promotions. The company was incorporated in 1990 and is headquartered in Minneapolis, Minnesota.