Lendway, Inc. (NASDAQ:LDWY) Sees Large Growth in Short Interest

Lendway, Inc. (NASDAQ:LDWY) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,300 shares, an increase of 62.5% from the February 28th total of 800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 0.3 days.

Lendway Trading Up 4.8 %

Lendway stock traded up $0.18 during trading on Friday, reaching $3.95. 498 shares of the company were exchanged, compared to its average volume of 6,649. 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 stock’s 50 day simple moving average is $4.08 and its two-hundred day simple moving average is $4.02. The company has a market capitalization of $6.99 million, a P/E ratio of -1.99 and a beta of 1.97. Lendway has a 52-week low of $3.02 and a 52-week high of $6.88.

Lendway (NASDAQ:LDWY) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($1.67) EPS for the quarter. The firm had revenue of $6.19 million during the quarter.

Institutional Trading of Lendway

A hedge fund recently raised its stake in Lendway stock. Geode Capital Management LLC increased its holdings in Lendway, Inc. (NASDAQ:LDWY) by 54.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,494 shares of the company’s stock after acquiring an additional 5,804 shares during the period. Geode Capital Management LLC owned approximately 0.93% of Lendway worth $80,000 at the end of the most recent quarter. Institutional investors own 6.64% of the company’s stock.

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.