Lendway, Inc. (NASDAQ:LDWY) Sees Significant Increase in Short Interest

Lendway, Inc. (NASDAQ:LDWY) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 43,300 shares, a growth of 7.7% from the December 15th total of 40,200 shares. Approximately 4.5% of the company’s shares are short sold. Based on an average daily volume of 9,400 shares, the short-interest ratio is presently 4.6 days.

Lendway Price Performance

Shares of NASDAQ LDWY opened at $4.60 on Friday. The business’s fifty day simple moving average is $4.41 and its 200-day simple moving average is $4.09. Lendway has a 12-month low of $3.02 and a 12-month high of $6.88. The company has a current ratio of 2.27, a quick ratio of 0.56 and a debt-to-equity ratio of 2.40.

Insiders Place Their Bets

In other Lendway news, CEO Daniel C. Philp bought 32,000 shares of Lendway stock in a transaction on Thursday, November 21st. The shares were bought at an average cost of $4.32 per share, for a total transaction of $138,240.00. Following the acquisition, the chief executive officer now directly owns 59,071 shares in the company, valued at $255,186.72. This represents a 118.21 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 13.20% of the company’s stock.

Lendway Company Profile

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.