Short Interest in MSP Recovery, Inc. (NASDAQ:LIFW) Increases By 21.8%

MSP Recovery, Inc. (NASDAQ:LIFW) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 372,400 shares, an increase of 21.8% from the May 31st total of 305,800 shares. Currently, 2.6% of the shares of the stock are sold short. Based on an average trading volume of 1,850,000 shares, the short-interest ratio is currently 0.2 days.

MSP Recovery Price Performance

Shares of NASDAQ LIFW traded down $0.04 during trading on Tuesday, reaching $0.40. The company had a trading volume of 594,000 shares, compared to its average volume of 1,390,518. MSP Recovery has a 52 week low of $0.30 and a 52 week high of $17.48. The stock has a market cap of $56.03 million, a PE ratio of -0.06 and a beta of -2.31. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.23 and a current ratio of 0.23. The business’s 50 day moving average price is $0.59 and its 200-day moving average price is $0.81.

MSP Recovery (NASDAQ:LIFW) last announced its earnings results on Wednesday, May 15th. The company reported ($0.57) earnings per share for the quarter. MSP Recovery had a negative return on equity of 3.70% and a negative net margin of 724.07%. The company had revenue of $6.00 million during the quarter.

About MSP Recovery

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.