Short Interest in LM Funding America, Inc. (NASDAQ:LMFA) Decreases By 21.0%

LM Funding America, Inc. (NASDAQ:LMFA) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 62,000 shares, a drop of 21.0% from the January 31st total of 78,500 shares. Based on an average daily volume of 93,100 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.3% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “neutral” rating on shares of LM Funding America in a report on Friday, November 15th.

LM Funding America Trading Down 3.4 %

Shares of LMFA stock traded down $0.05 during mid-day trading on Tuesday, reaching $1.40. The company’s stock had a trading volume of 52,403 shares, compared to its average volume of 60,256. The company’s 50 day simple moving average is $1.97 and its 200-day simple moving average is $2.48. LM Funding America has a 12-month low of $1.30 and a 12-month high of $6.11. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $7.19 million, a PE ratio of -0.29 and a beta of 1.42.

Hedge Funds Weigh In On LM Funding America

An institutional investor recently raised its position in LM Funding America stock. Geode Capital Management LLC grew its holdings in LM Funding America, Inc. (NASDAQ:LMFA) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,809 shares of the financial services provider’s stock after acquiring an additional 7,978 shares during the period. Geode Capital Management LLC owned about 1.01% of LM Funding America worth $112,000 as of its most recent SEC filing. 22.73% of the stock is currently owned by institutional investors.

LM Funding America Company Profile

LM Funding America, Inc operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. The company was founded in 2008 and is based in Tampa, Florida.