Lendway, Inc. (NASDAQ:TULP) Sees Significant Decrease in Short Interest

Lendway, Inc. (NASDAQ:TULP) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,269 shares, a drop of 43.0% from the September 15th total of 3,980 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,619 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 11th. One analyst has rated the stock with a Sell rating. According to MarketBeat, Lendway has an average rating of “Sell”.

Lendway Stock Down 2.2%

NASDAQ TULP traded down $0.05 during trading on Thursday, reaching $2.25. The company’s stock had a trading volume of 16,213 shares, compared to its average volume of 17,539. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $10.87 million, a PE ratio of -0.51 and a beta of 2.68. The business has a 50-day moving average price of $3.23 and a 200-day moving average price of $3.59. Lendway has a 1-year low of $2.00 and a 1-year high of $5.53.

Lendway Company Profile

Lendway, Inc (NASDAQ:TULP) is a real estate company focused on the acquisition, development and management of residential properties, particularly multifamily housing. Its activities include identifying real estate opportunities, overseeing property development and managing assets after completion.

The company’s business is centered on residential real estate investments and related development activities in the United States. Its portfolio and operations may change over time as Lendway acquires, develops or disposes of properties.

Lendway’s public disclosures provide limited detail about its broader product offerings, geographic markets and leadership beyond its real estate focus.