Lendway, Inc. (NASDAQ:TULP) Sees Significant Drop in Short Interest

Lendway, Inc. (NASDAQ:TULP) was the target of a significant decrease in short interest during the month of 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 days-to-cover ratio is presently 10.8 days. Approximately 0.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Lendway Price Performance

TULP traded up $0.14 on Wednesday, reaching $3.54. 630 shares of the company’s stock were exchanged, compared to its average volume of 18,734. Lendway has a twelve month low of $3.11 and a twelve month high of $5.60. The stock has a market cap of $16.89 million, a PE ratio of -1.29 and a beta of 2.63. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.26 and a quick ratio of 0.63. The stock’s fifty day moving average price is $3.49 and its 200-day moving average price is $3.74.

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.