LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Down 35.6% in December

LM Funding America, Inc. (NASDAQ:LMFA) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 534,317 shares, a decline of 35.6% from the November 30th total of 829,423 shares. Based on an average daily trading volume, of 308,722 shares, the days-to-cover ratio is currently 1.7 days. Currently, 5.2% of the shares of the stock are sold short. Currently, 5.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 308,722 shares, the days-to-cover ratio is currently 1.7 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded LM Funding America from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings restated a “sell (e+)” rating on shares of LM Funding America in a research report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, LM Funding America presently has an average rating of “Hold” and an average price target of $5.00.

LM Funding America Price Performance

Shares of NASDAQ:LMFA opened at $0.46 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a fifty day moving average price of $0.90 and a 200 day moving average price of $1.51. LM Funding America has a fifty-two week low of $0.46 and a fifty-two week high of $5.14. The firm has a market cap of $5.60 million, a price-to-earnings ratio of -0.20 and a beta of 1.76.

LM Funding America (NASDAQ:LMFA) last announced its quarterly earnings results on Friday, November 14th. The financial services provider reported ($0.49) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.49). The company had revenue of $2.44 million for the quarter, compared to the consensus estimate of $2.50 million. LM Funding America had a negative net margin of 83.44% and a negative return on equity of 30.25%. As a group, sell-side analysts expect that LM Funding America will post -5.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LM Funding America

A number of hedge funds have recently made changes to their positions in LMFA. XTX Topco Ltd bought a new position in LM Funding America during the second quarter valued at approximately $54,000. GSA Capital Partners LLP bought a new stake in LM Funding America in the 3rd quarter worth approximately $70,000. Jane Street Group LLC purchased a new stake in shares of LM Funding America during the 2nd quarter worth approximately $70,000. Two Sigma Investments LP purchased a new stake in shares of LM Funding America during the 3rd quarter worth approximately $100,000. Finally, Citadel Advisors LLC bought a new position in shares of LM Funding America during the 3rd quarter valued at approximately $139,000. 22.73% of the stock is currently owned by hedge funds and other institutional investors.

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.