LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Down 97.1% in July

LM Funding America, Inc. (NASDAQ:LMFA) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 33,273 shares, a decline of 97.1% from the June 30th total of 1,161,168 shares. Currently, 5.6% of the company’s stock are short sold. Based on an average daily volume of 62,035 shares, the days-to-cover ratio is currently 0.5 days.

Insider Buying and Selling at LM Funding America

In related news, CFO Richard D. Russell acquired 5,264 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of $5.50 per share, for a total transaction of $28,952.00. Following the purchase, the chief financial officer directly owned 9,765 shares in the company, valued at approximately $53,707.50. This trade represents a 116.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.03% of the stock is owned by company insiders.

Institutional Trading of LM Funding America

A number of institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of LM Funding America during the 2nd quarter worth approximately $54,000. Jane Street Group LLC acquired a new stake in shares of LM Funding America in the second quarter valued at approximately $70,000. Two Sigma Investments LP acquired a new stake in shares of LM Funding America in the third quarter valued at approximately $100,000. Armistice Capital LLC boosted its stake in shares of LM Funding America by 28.4% in the second quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock valued at $1,138,000 after buying an additional 87,905 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of LM Funding America in the third quarter valued at approximately $139,000. Institutional investors own 22.73% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LM Funding America in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $125.00.

LM Funding America Stock Performance

LMFA traded up $0.17 during trading on Friday, hitting $2.77. The stock had a trading volume of 919,424 shares, compared to its average volume of 264,171. The company has a 50 day moving average price of $4.51 and a 200-day moving average price of $7.06. The firm has a market cap of $1.91 million, a price-to-earnings ratio of -0.05 and a beta of 2.40. LM Funding America has a one year low of $2.25 and a one year high of $128.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.13 and a quick ratio of 1.13.

LM Funding America (NASDAQ:LMFA) last posted its quarterly earnings data on Friday, May 15th. The financial services provider reported ($11.75) earnings per share for the quarter, missing the consensus estimate of ($7.75) by ($4.00). The firm had revenue of $2.11 million for the quarter, compared to the consensus estimate of $3.00 million. LM Funding America had a negative return on equity of 102.63% and a negative net margin of 368.68%.

About LM Funding America

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.