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

LM Funding America, Inc. (NASDAQ:LMFA) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 383,718 shares, an increase of 80.8% from the May 31st total of 212,191 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average trading volume of 387,890 shares, the days-to-cover ratio is currently 1.0 days.

Insider Activity

In related news, CFO Richard D. Russell purchased 131,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of $0.22 per share, with a total value of $28,952.00. Following the completion of the purchase, the chief financial officer directly owned 244,147 shares in the company, valued at approximately $53,712.34. This represents a 116.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LM Funding America

Institutional investors have recently bought and sold shares of the business. Armistice Capital LLC grew its stake in LM Funding America by 40.5% during the fourth quarter. Armistice Capital LLC now owns 527,611 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 152,171 shares in the last quarter. Citadel Advisors LLC purchased a new stake in LM Funding America in the 3rd quarter worth $139,000. Jane Street Group LLC lifted its stake in LM Funding America by 782.6% in the 4th quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 110,297 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of LM Funding America during the 3rd quarter valued at about $100,000. Finally, XTX Topco Ltd bought a new position in shares of LM Funding America during the 2nd quarter valued at about $54,000. Hedge funds and other institutional investors own 22.73% of the company’s stock.

LM Funding America Stock Performance

Shares of LMFA opened at $0.15 on Friday. The business has a fifty day moving average of $0.22 and a 200 day moving average of $0.33. The firm has a market capitalization of $2.59 million, a P/E ratio of -0.07 and a beta of 2.40. LM Funding America has a one year low of $0.12 and a one year high of $5.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.13 and a quick ratio of 1.13.

LM Funding America (NASDAQ:LMFA) last issued its quarterly earnings data on Friday, May 15th. The financial services provider reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.16). LM Funding America had a negative return on equity of 102.63% and a negative net margin of 368.68%.The business had revenue of $2.11 million during the quarter, compared to the consensus estimate of $3.00 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LM Funding America in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, LM Funding America currently has an average rating of “Hold” and a consensus target price of $5.00.

About LM Funding America

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.