Short Interest in Lendway, Inc. (NASDAQ:LDWY) Grows By 62.5%

Lendway, Inc. (NASDAQ:LDWY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,300 shares, a growth of 62.5% from the February 28th total of 800 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Lendway stock. Geode Capital Management LLC boosted its stake in Lendway, Inc. (NASDAQ:LDWY) by 54.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,494 shares of the company’s stock after acquiring an additional 5,804 shares during the quarter. Geode Capital Management LLC owned 0.93% of Lendway worth $80,000 as of its most recent SEC filing. Institutional investors and hedge funds own 6.64% of the company’s stock.

Lendway Trading Up 4.8 %

LDWY stock traded up $0.18 during midday trading on Friday, hitting $3.95. 498 shares of the company’s stock were exchanged, compared to its average volume of 6,649. Lendway has a one year low of $3.02 and a one year high of $6.88. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.56 and a current ratio of 2.27. The company has a market cap of $6.99 million, a PE ratio of -1.99 and a beta of 1.97. The stock’s fifty day moving average price is $4.08 and its 200-day moving average price is $4.02.

Lendway (NASDAQ:LDWY) last released its quarterly earnings data on Thursday, March 27th. The company reported ($1.67) earnings per share for the quarter. The firm had revenue of $6.19 million during the quarter.

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.