Lendway, Inc. (NASDAQ:LDWY) Sees Significant Increase in Short Interest

Lendway, Inc. (NASDAQ:LDWY) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 21,300 shares, a growth of 142.0% from the May 15th total of 8,800 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Investors Weigh In On Lendway

A hedge fund recently raised its stake in Lendway stock. Geode Capital Management LLC raised its stake in Lendway, Inc. (NASDAQ:LDWY) by 54.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,494 shares of the company’s stock after acquiring an additional 5,804 shares during the quarter. Geode Capital Management LLC owned approximately 0.93% of Lendway worth $80,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 6.64% of the company’s stock.

Lendway Price Performance

LDWY traded down $0.24 on Friday, hitting $4.88. 2,087 shares of the stock were exchanged, compared to its average volume of 7,729. Lendway has a 12 month low of $3.02 and a 12 month high of $5.53. The business has a 50-day moving average of $4.38 and a two-hundred day moving average of $4.30. The company has a debt-to-equity ratio of 2.40, a current ratio of 2.27 and a quick ratio of 0.56. The firm has a market capitalization of $8.64 million, a price-to-earnings ratio of -2.46 and a beta of 2.53.

Lendway (NASDAQ:LDWY) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.25 earnings per share for the quarter. The firm had revenue of $12.44 million for the quarter.

About Lendway

Lendway, Inc operates as a specialty agricultural and finance company focusing on making and managing its agricultural investments in the United States and internationally. It owns and operates FarmlandCredit.com, a non-bank lending business that seeks to purchase existing loans and/or originate and fund new loans domestically.