Short Interest in Lendway, Inc. (NASDAQ:LDWY) Rises By 89.1%

Lendway, Inc. (NASDAQ:LDWY) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 26,004 shares, an increase of 89.1% from the January 15th total of 13,753 shares. Based on an average daily trading volume, of 151,221 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.7% of the company’s stock are short sold. Currently, 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 151,221 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lendway in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Lendway Stock Performance

The stock has a 50 day moving average price of $4.01 and a 200 day moving average price of $4.49. The company has a quick ratio of 0.47, a current ratio of 1.80 and a debt-to-equity ratio of 3.59. The firm has a market capitalization of $9.52 million, a P/E ratio of -2.20 and a beta of 2.79. Lendway has a twelve month low of $3.11 and a twelve month high of $6.19.

About Lendway

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. The company was formerly known as Insignia Systems, Inc and changed its name to Lendway, Inc in August 2023. The company was incorporated in 1990 and is headquartered in Minneapolis, Minnesota.