Manhattan Bridge Capital, Inc (NASDAQ:LOAN) Sees Significant Growth in Short Interest

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 8,205 shares, an increase of 42.9% from the December 31st total of 5,740 shares. Based on an average daily volume of 37,097 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 37,097 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Bridge Capital in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Manhattan Bridge Capital Stock Down 0.4%

Shares of NASDAQ LOAN opened at $4.49 on Friday. The stock’s 50 day moving average price is $4.69 and its two-hundred day moving average price is $5.07. Manhattan Bridge Capital has a 52-week low of $4.29 and a 52-week high of $6.05. The stock has a market capitalization of $51.37 million, a P/E ratio of 9.76 and a beta of 0.25.

Institutional Trading of Manhattan Bridge Capital

Several institutional investors have recently made changes to their positions in LOAN. Melia Wealth LLC boosted its holdings in Manhattan Bridge Capital by 4.9% in the 2nd quarter. Melia Wealth LLC now owns 378,533 shares of the credit services provider’s stock valued at $2,071,000 after purchasing an additional 17,615 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Manhattan Bridge Capital during the second quarter valued at about $112,000. Atria Wealth Solutions Inc. lifted its stake in shares of Manhattan Bridge Capital by 57.2% in the second quarter. Atria Wealth Solutions Inc. now owns 39,871 shares of the credit services provider’s stock valued at $218,000 after buying an additional 14,513 shares during the period. International Assets Investment Management LLC acquired a new stake in Manhattan Bridge Capital during the second quarter worth about $149,000. Finally, Citadel Advisors LLC acquired a new stake in Manhattan Bridge Capital during the third quarter worth about $149,000. 21.84% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.