LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Update

LM Funding America, Inc. (NASDAQ:LMFA) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 534,317 shares, a decrease of 35.6% from the November 30th total of 829,423 shares. Currently, 5.2% of the shares of the stock are sold short. Based on an average trading volume of 308,722 shares, the short-interest ratio is currently 1.7 days. Based on an average trading volume of 308,722 shares, the short-interest ratio is currently 1.7 days. Currently, 5.2% of the shares of the stock are sold short.

LM Funding America Trading Down 1.1%

Shares of NASDAQ:LMFA traded down $0.01 during trading on Tuesday, hitting $0.44. 624,731 shares of the company’s stock were exchanged, compared to its average volume of 375,666. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $5.37 million, a P/E ratio of -0.19 and a beta of 1.76. The firm has a 50-day moving average price of $0.88 and a two-hundred day moving average price of $1.49. LM Funding America has a 1-year low of $0.43 and a 1-year high of $5.14.

LM Funding America (NASDAQ:LMFA) last posted its quarterly earnings results on Friday, November 14th. The financial services provider reported ($0.49) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.49). The business had revenue of $2.44 million for the quarter, compared to analyst estimates of $2.50 million. LM Funding America had a negative return on equity of 30.25% and a negative net margin of 83.44%. Equities analysts predict that LM Funding America will post -5.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen raised LM Funding America from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of LM Funding America in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.00.

Institutional Trading of LM Funding America

Hedge funds have recently modified their holdings of the company. Anson Funds Management LP bought a new position in LM Funding America during the 3rd quarter worth approximately $1,608,000. Sabby Management LLC acquired a new stake in LM Funding America during the 3rd quarter worth $728,000. Armistice Capital LLC raised its position in shares of LM Funding America by 28.4% during the second quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock worth $1,138,000 after purchasing an additional 87,905 shares during the period. Citadel Advisors LLC acquired a new stake in LM Funding America during the 3rd quarter worth approximately $139,000. Finally, Two Sigma Investments LP acquired a new position in shares of LM Funding America in the third quarter valued at approximately $100,000. 22.73% of the stock is currently owned by institutional investors and hedge funds.

LM Funding America Company Profile

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.