Lendway, Inc. (NASDAQ:LDWY) Sees Significant Increase in Short Interest

Lendway, Inc. (NASDAQ:LDWY) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 43,300 shares, an increase of 7.7% from the December 15th total of 40,200 shares. Based on an average daily trading volume, of 9,400 shares, the short-interest ratio is presently 4.6 days. Approximately 4.5% of the company’s shares are sold short.

Insiders Place Their Bets

In related news, CEO Daniel C. Philp acquired 32,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of $4.32 per share, for a total transaction of $138,240.00. Following the acquisition, the chief executive officer now owns 59,071 shares in the company, valued at approximately $255,186.72. This represents a 118.21 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.20% of the company’s stock.

Lendway Price Performance

Shares of LDWY opened at $4.60 on Tuesday. The company has a market capitalization of $8.13 million, a price-to-earnings ratio of -2.32 and a beta of 1.90. Lendway has a fifty-two week low of $3.02 and a fifty-two week high of $6.88. The company has a debt-to-equity ratio of 2.40, a current ratio of 2.27 and a quick ratio of 0.56. The business’s 50-day moving average is $4.43 and its 200-day moving average is $4.09.

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.