Lendway, Inc. (NASDAQ:TULP – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 5,915 shares, a decrease of 53.4% from the August 15th total of 12,698 shares. Based on an average trading volume of 550 shares, the short-interest ratio is currently 10.8 days. Currently, 0.1% of the company’s stock are sold short.
Lendway Stock Performance
TULP stock remained flat at $3.40 during midday trading on Tuesday. The company’s stock had a trading volume of 518 shares, compared to its average volume of 602. The stock has a market capitalization of $16.24 million, a PE ratio of -1.24 and a beta of 2.63. Lendway has a one year low of $3.11 and a one year high of $5.60. The company’s fifty day simple moving average is $3.49 and its 200-day simple moving average is $3.75. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.26 and a quick ratio of 0.63.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered shares of Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Lendway Company Profile
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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