Lendway, Inc. (NASDAQ:TULP) Shares Shorted: Short Interest Down 43.0% in September

Lendway, Inc. (NASDAQ:TULP – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,269 shares, a decline of 43.0% from the September 15th total of 3,980 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 3,619 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 11th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

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Lendway Trading Down 2.2%

NASDAQ TULP traded down $0.05 on Thursday, hitting $2.25. 16,213 shares of the company were exchanged, compared to its average volume of 17,539. The company’s 50 day moving average price is $3.23 and its 200-day moving average price is $3.59. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.69 and a quick ratio of 1.19. The firm has a market capitalization of $10.87 million, a P/E ratio of -0.51 and a beta of 2.68. Lendway has a twelve month low of $2.00 and a twelve month high of $5.53.

About Lendway

(Get Free Report)

Lendway, Inc (NASDAQ:TULP) is a real estate company focused on the acquisition, development and management of residential properties, particularly multifamily housing. Its activities include identifying real estate opportunities, overseeing property development and managing assets after completion.

The company’s business is centered on residential real estate investments and related development activities in the United States. Its portfolio and operations may change over time as Lendway acquires, develops or disposes of properties.

Lendway’s public disclosures provide limited detail about its broader product offerings, geographic markets and leadership beyond its real estate focus.

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