Short Interest in Lendway, Inc. (NASDAQ:LDWY) Decreases By 22.3%

Lendway, Inc. (NASDAQ:LDWY) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 23,781 shares, a decrease of 22.3% from the December 15th total of 30,608 shares. Based on an average trading volume of 17,528 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.6% of the company’s stock are short sold. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 17,528 shares, the days-to-cover ratio is presently 1.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Lendway in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Lendway Stock Performance

Shares of NASDAQ LDWY traded down $0.67 during mid-day trading on Friday, reaching $3.52. 160,847 shares of the company’s stock were exchanged, compared to its average volume of 31,095. The firm has a 50-day moving average price of $3.58 and a two-hundred day moving average price of $4.51. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.80 and a quick ratio of 0.47. The firm has a market capitalization of $6.23 million, a price-to-earnings ratio of -1.44 and a beta of 2.72. Lendway has a 52 week low of $3.11 and a 52 week high of $6.19.

Lendway (NASDAQ:LDWY) last posted its quarterly earnings data on Monday, November 10th. The company reported ($1.61) earnings per share (EPS) for the quarter. The company had revenue of $5.15 million for the quarter. Lendway had a negative return on equity of 34.26% and a negative net margin of 9.15%.

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. The company was formerly known as Insignia Systems, Inc and changed its name to Lendway, Inc in August 2023. The company was incorporated in 1990 and is headquartered in Minneapolis, Minnesota.