Lendway, Inc. (NASDAQ:TULP) Short Interest Update

Lendway, Inc. (NASDAQ:TULP – Get Free Report) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 4,823 shares, a drop of 70.0% from the July 15th total of 16,101 shares. Based on an average trading volume of 3,742 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.1% of the shares of the company are short sold.

Lendway Stock Performance

Shares of NASDAQ TULP remained flat at $3.61 during midday trading on Friday. 1,087 shares of the stock traded hands, compared to its average volume of 3,008. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.63 and a current ratio of 1.26. Lendway has a 1-year low of $3.11 and a 1-year high of $6.19. The stock’s fifty day moving average price is $3.63. The stock has a market cap of $17.22 million, a price-to-earnings ratio of -1.31 and a beta of 2.61.

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Lendway (NASDAQ:TULP – Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported ($0.43) earnings per share (EPS) for the quarter. Lendway had a negative return on equity of 42.76% and a negative net margin of 9.79%.The business had revenue of $14.44 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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About Lendway

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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.

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