Short Interest in Lendway, Inc. (NASDAQ:LDWY) Decreases By 53.0%

Lendway, Inc. (NASDAQ:LDWY) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 8,600 shares, a decrease of 53.0% from the August 31st total of 18,300 shares. Based on an average trading volume of 4,600 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.9% of the shares of the company are sold short. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 4,600 shares, the days-to-cover ratio is presently 1.9 days.

Lendway Stock Performance

NASDAQ LDWY opened at $4.78 on Friday. The firm has a 50-day moving average price of $5.20 and a two-hundred day moving average price of $4.73. Lendway has a 12-month low of $3.02 and a 12-month high of $6.19. The company has a market capitalization of $8.46 million, a P/E ratio of -3.25 and a beta of 2.53. The company has a quick ratio of 0.58, a current ratio of 1.46 and a debt-to-equity ratio of 2.76.

Lendway (NASDAQ:LDWY) last announced its earnings results on Thursday, August 28th. The company reported $0.56 EPS for the quarter. The company had revenue of $23.18 million for the quarter. Lendway had a negative net margin of 5.30% and a negative return on equity of 20.31%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Lendway in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Lendway Company Profile

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.