Lendway, Inc. (NASDAQ:LDWY) Short Interest Down 97.0% in February

Lendway, Inc. (NASDAQ:LDWY) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 800 shares, a drop of 97.0% from the February 13th total of 26,300 shares. Based on an average daily trading volume, of 5,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Lendway Price Performance

Shares of NASDAQ:LDWY opened at $3.74 on Thursday. The stock has a market capitalization of $6.61 million, a P/E ratio of -1.89 and a beta of 1.97. The business has a 50-day moving average of $4.28 and a two-hundred day moving average of $4.05. Lendway has a fifty-two week low of $3.02 and a fifty-two week high of $6.88. The company has a debt-to-equity ratio of 2.40, a current ratio of 2.27 and a quick ratio of 0.56.

Institutional Investors Weigh In On Lendway

An institutional investor recently raised its position in Lendway stock. Geode Capital Management LLC grew its position in Lendway, Inc. (NASDAQ:LDWY) by 54.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,494 shares of the company’s stock after purchasing an additional 5,804 shares during the quarter. Geode Capital Management LLC owned approximately 0.93% of Lendway worth $80,000 as of its most recent SEC filing. Institutional investors and hedge funds own 6.64% of the company’s stock.

Lendway Company Profile

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.