LM Funding America, Inc. (NASDAQ:LMFA) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 613,700 shares, a drop of 24.5% from the March 31st total of 812,400 shares. Based on an average daily volume of 4,390,000 shares, the days-to-cover ratio is currently 0.1 days.
LMFA stock traded down $0.04 during midday trading on Tuesday, reaching $1.05. 515,083 shares of the company were exchanged, compared to its average volume of 10,476,590. The company has a quick ratio of 17.05, a current ratio of 17.05 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $1.26 and its 200 day simple moving average is $1.18. LM Funding America has a 1-year low of $0.48 and a 1-year high of $4.89.
A hedge fund recently bought a new stake in LM Funding America stock. Renaissance Technologies LLC bought a new position in shares of LM Funding America, Inc. (NASDAQ:LMFA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,600 shares of the financial services provider’s stock, valued at approximately $46,000. Renaissance Technologies LLC owned about 0.45% of LM Funding America at the end of the most recent quarter. Institutional investors own 5.35% of the company’s stock.
LM Funding America, Inc, through its subsidiary, LM Funding, LLC, operates as a specialty finance company. It provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois. The company offers funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments.
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