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

Lendway, Inc. (NASDAQ:TULPGet 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

Shares of TULP opened at $3.40 on Friday. 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 cap of $16.22 million, a price-to-earnings ratio of -1.24 and a beta of 2.61. Lendway has a 12 month low of $3.11 and a 12 month high of $6.19. The firm’s fifty day simple moving average is $3.55.

About Lendway

(Get Free Report)

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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