Lendway, Inc. (NASDAQ:TULP) Short Interest Up 163.3% in August

Lendway, Inc. (NASDAQ:TULP) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 12,698 shares, an increase of 163.3% from the July 30th total of 4,823 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 1,779 shares, the days-to-cover ratio is presently 7.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised Lendway from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Lendway Stock Performance

NASDAQ:TULP remained flat at $3.40 during trading hours on Friday. The company’s stock had a trading volume of 90 shares, compared to its average volume of 1,219. The company’s 50-day moving average is $3.55. Lendway has a 52 week low of $3.11 and a 52 week high of $6.19. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.63 and a current ratio of 1.26. The stock has a market capitalization of $16.22 million, a price-to-earnings ratio of -1.24 and a beta of 2.61.

Lendway Company Profile

Insignia Systems, Inc provides in-store advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages in the United States. It offers in-store signage solutions, which provides point-of-purchase services; merchandising solutions that include various corrugate displays, side caps, free standing shippers, and customized end-cap solutions; and on-pack solutions, which include BoxTalk, coupons, recipes, and cross-promotions. The company was incorporated in 1990 and is headquartered in Minneapolis, Minnesota.