Short Interest in LM Funding America, Inc. (NASDAQ:PWCM) Grows By 163.1%

LM Funding America, Inc. (NASDAQ:PWCM) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 192,062 shares, an increase of 163.1% from the August 15th total of 72,992 shares. Based on an average trading volume of 1,225,949 shares, the short-interest ratio is presently 0.2 days. Approximately 12.6% of the company’s shares are short sold.

LM Funding America Stock Down 5.6%

NASDAQ:PWCM traded down $0.06 during mid-day trading on Tuesday, hitting $0.96. The company had a trading volume of 44,548 shares, compared to its average volume of 213,776. The business has a fifty day simple moving average of $2.33 and a 200-day simple moving average of $5.00. The firm has a market capitalization of $1.72 million, a price-to-earnings ratio of -0.02 and a beta of 2.34. LM Funding America has a 1 year low of $0.95 and a 1 year high of $35.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13.

LM Funding America (NASDAQ:PWCM) last posted its earnings results on Friday, August 14th. The financial services provider reported ($5.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.50) by ($1.76). The company had revenue of $2.12 million during the quarter, compared to analyst estimates of $2.30 million. LM Funding America had a negative net margin of 413.92% and a negative return on equity of 132.69%.

Analyst Upgrades and Downgrades

PWCM has been the topic of a number of research reports. Wall Street Zen downgraded LM Funding America to a “strong sell” rating in a report on Tuesday, August 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of LM Funding America in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About LM Funding America

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.