LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Down 30.0% in April

LM Funding America, Inc. (NASDAQ:LMFAGet Rating) was the target of a large drop in short interest in April. As of April 30th, there was short interest totalling 122,700 shares, a drop of 30.0% from the April 15th total of 175,200 shares. Based on an average daily trading volume, of 76,800 shares, the short-interest ratio is currently 1.6 days.

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of LM Funding America by 14.1% in the 4th quarter. Geode Capital Management LLC now owns 164,354 shares of the financial services provider’s stock worth $798,000 after acquiring an additional 20,252 shares during the last quarter. Millennium Management LLC bought a new stake in shares of LM Funding America in the 4th quarter worth about $175,000. Citadel Advisors LLC bought a new stake in shares of LM Funding America in the 3rd quarter worth about $101,000. State Street Corp bought a new stake in shares of LM Funding America in the 4th quarter worth about $91,000. Finally, National Bank of Canada FI bought a new stake in shares of LM Funding America in the 4th quarter worth about $88,000. Hedge funds and other institutional investors own 6.25% of the company’s stock.

Shares of NASDAQ:LMFA traded up $0.11 on Friday, reaching $1.21. The company’s stock had a trading volume of 194,565 shares, compared to its average volume of 79,200. LM Funding America has a 52-week low of $1.06 and a 52-week high of $7.81. The company has a 50-day simple moving average of $2.49 and a 200 day simple moving average of $3.99.

LM Funding America (NASDAQ:LMFAGet Rating) last issued its quarterly earnings data on Thursday, March 31st. The financial services provider reported ($1.04) EPS for the quarter. LM Funding America had a negative return on equity of 27.76% and a net margin of 448.54%. The business had revenue of $0.33 million during the quarter.

Separately, TheStreet cut shares of LM Funding America from a “c-” rating to a “d+” rating in a research note on Tuesday, April 19th.

LM Funding America Company Profile (Get Rating)

LM Funding America, Inc operates as a specialty finance company. It provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois. The company offers funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments.

Recommended Stories

Receive News & Ratings for LM Funding America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LM Funding America and related companies with MarketBeat.com's FREE daily email newsletter.