LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Up 63.5% in September

LM Funding America, Inc. (NASDAQ:LMFA) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 225,200 shares, a growth of 63.5% from the August 31st total of 137,700 shares. Based on an average trading volume of 1,980,000 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 1,980,000 shares, the short-interest ratio is currently 0.1 days.

LM Funding America Price Performance

Shares of NASDAQ:LMFA opened at $1.28 on Wednesday. The company’s fifty day moving average price is $1.51 and its 200-day moving average price is $1.75. The firm has a market capitalization of $19.87 million, a price-to-earnings ratio of -0.30 and a beta of 1.84. LM Funding America has a one year low of $1.02 and a one year high of $5.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.75 and a quick ratio of 3.75.

LM Funding America (NASDAQ:LMFA) last issued its quarterly earnings results on Thursday, August 14th. The financial services provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.54. The firm had revenue of $1.93 million for the quarter, compared to analyst estimates of $2.00 million. LM Funding America had a negative net margin of 129.10% and a negative return on equity of 33.65%. On average, equities research analysts anticipate that LM Funding America will post -5.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. HC Wainwright raised shares of LM Funding America from a “neutral” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Friday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LM Funding America in a report on Saturday, September 27th. Finally, Wall Street Zen raised shares of LM Funding America from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.00.

Hedge Funds Weigh In On LM Funding America

Institutional investors have recently made changes to their positions in the stock. Armistice Capital LLC increased its holdings in shares of 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 worth $1,138,000 after buying an additional 87,905 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of LM Funding America in the 2nd quarter valued at $70,000. Finally, XTX Topco Ltd bought a new position in shares of LM Funding America during the 2nd quarter valued at $54,000. Institutional investors own 22.73% of the company’s stock.

About LM Funding America

LM Funding America, Inc operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. The company was founded in 2008 and is based in Tampa, Florida.