Lendway, Inc. (NASDAQ:LDWY) Short Interest Up 51.4% in December

Lendway, Inc. (NASDAQ:LDWY) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 30,608 shares, an increase of 51.4% from the November 30th total of 20,212 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 82,615 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 82,615 shares, the short-interest ratio is presently 0.4 days. Approximately 2.0% of the company’s shares are sold short.

Lendway Stock Down 1.5%

NASDAQ LDWY traded down $0.05 on Wednesday, reaching $3.43. The company had a trading volume of 1,793 shares, compared to its average volume of 11,125. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.80 and a quick ratio of 0.47. Lendway has a 1 year low of $3.11 and a 1 year high of $6.19. The firm has a 50-day moving average of $3.80 and a 200-day moving average of $4.64. The firm has a market capitalization of $6.07 million, a PE ratio of -1.41 and a beta of 2.64.

Lendway (NASDAQ:LDWY) last posted its quarterly earnings data on Monday, November 10th. The company reported ($1.61) earnings per share (EPS) for the quarter. Lendway had a negative net margin of 9.15% and a negative return on equity of 34.26%. The firm had revenue of $5.15 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Lendway in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About Lendway

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. The company was formerly known as Insignia Systems, Inc and changed its name to Lendway, Inc in August 2023. The company was incorporated in 1990 and is headquartered in Minneapolis, Minnesota.