Lendway, Inc. (NASDAQ:LDWY) Sees Large Drop in Short Interest

Lendway, Inc. (NASDAQ:LDWY) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 23,781 shares, a decrease of 22.3% from the December 15th total of 30,608 shares. Based on an average trading volume of 17,528 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.6% of the shares of the company are short sold. Currently, 1.6% of the shares of the company are short sold. Based on an average trading volume of 17,528 shares, the days-to-cover ratio is currently 1.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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, Lendway has a consensus rating of “Sell”.

Lendway Stock Performance

Shares of NASDAQ:LDWY traded up $0.47 during midday trading on Tuesday, hitting $3.99. The company had a trading volume of 686,961 shares, compared to its average volume of 111,995. Lendway has a 12-month low of $3.11 and a 12-month high of $6.19. The company has a fifty day moving average of $3.57 and a two-hundred day moving average of $4.50. The company has a market cap of $7.06 million, a price-to-earnings ratio of -1.64 and a beta of 2.72. 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 (NASDAQ:LDWY) last released its earnings results on Monday, November 10th. The company reported ($1.61) earnings per share for the quarter. Lendway had a negative net margin of 9.15% and a negative return on equity of 34.26%. The company had revenue of $5.15 million for the quarter.

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.