Lendway, Inc. (NASDAQ:TULP – Get Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 12,698 shares, a growth of 163.3% from the July 30th total of 4,823 shares. Based on an average daily trading volume, of 1,779 shares, the short-interest ratio is presently 7.1 days. Currently, 0.3% of the company’s stock are sold short.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Lendway from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Lendway currently has an average rating of “Sell”.
Read Our Latest Research Report on TULP
Lendway Stock Performance
About Lendway
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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