Lendway, Inc. (NASDAQ:LDWY) Sees Significant Increase in Short Interest

Lendway, Inc. (NASDAQ:LDWY) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 1,300 shares, an increase of 62.5% from the February 28th total of 800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is currently 0.3 days.

Lendway Stock Performance

Shares of NASDAQ:LDWY traded up $0.01 during mid-day trading on Monday, reaching $3.76. 656 shares of the company traded hands, compared to its average volume of 6,624. The company’s 50 day moving average price is $4.08 and its 200-day moving average price is $4.02. The firm has a market cap of $6.66 million, a PE ratio of -1.90 and a beta of 1.97. Lendway has a 52 week low of $3.02 and a 52 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.

Lendway (NASDAQ:LDWY) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($1.67) earnings per share for the quarter. The business had revenue of $6.19 million for the quarter.

Institutional Investors Weigh In On Lendway

A hedge fund recently raised its stake in Lendway stock. Geode Capital Management LLC boosted its holdings in shares of Lendway, Inc. (NASDAQ:LDWY) by 54.3% during the 4th quarter, according to its most recent filing with the Securities and 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 about 0.93% of Lendway worth $80,000 at the end of the most recent quarter. 6.64% of the stock is owned by institutional investors and hedge funds.

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.