LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Up 202.6% in June

LM Funding America, Inc. (NASDAQ:LMFA) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,161,168 shares, a growth of 202.6% from the June 15th total of 383,718 shares. Currently, 7.9% of the shares of the company are short sold. Based on an average daily volume of 7,863,216 shares, the short-interest ratio is currently 0.1 days.

Insider Buying and Selling at LM Funding America

In other LM Funding America news, CFO Richard D. Russell acquired 5,264 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of $5.50 per share, with a total value of $28,952.00. Following the transaction, the chief financial officer owned 9,765 shares of the company’s stock, valued at approximately $53,707.50. This trade represents a 116.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.03% of the company’s stock.

Institutional Trading of LM Funding America

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of LM Funding America during the second quarter valued at approximately $54,000. Jane Street Group LLC bought a new position in LM Funding America in the second quarter worth $70,000. Two Sigma Investments LP acquired a new stake in LM Funding America during the third quarter worth $100,000. Citadel Advisors LLC acquired a new stake in LM Funding America during the third quarter worth $139,000. Finally, Armistice Capital LLC increased its holdings in LM Funding America by 28.4% in the 2nd quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock valued at $1,138,000 after buying an additional 87,905 shares during the period. Institutional investors own 22.73% of the company’s stock.

LM Funding America Stock Performance

NASDAQ LMFA traded down $0.13 during midday trading on Tuesday, hitting $2.79. The company had a trading volume of 131,307 shares, compared to its average volume of 44,072. The firm has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $7.53. LM Funding America has a fifty-two week low of $2.70 and a fifty-two week high of $128.50. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. The stock has a market cap of $48.41 million, a price-to-earnings ratio of -1.27 and a beta of 2.40.

LM Funding America (NASDAQ:LMFA) last announced its quarterly earnings data on Friday, May 15th. The financial services provider reported ($11.75) EPS for the quarter, missing analysts’ consensus estimates of ($7.75) by ($4.00). LM Funding America had a negative net margin of 368.68% and a negative return on equity of 102.63%. The company had revenue of $2.11 million for the quarter, compared to analyst estimates of $3.00 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LM Funding America in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $125.00.

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.