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

Lendway, Inc. (NASDAQ:LDWY) was the recipient of a significant 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 trading volume of 9,400 shares, the short-interest ratio is presently 4.6 days. Approximately 4.5% of the company’s shares are short sold.

Lendway Stock Performance

Shares of LDWY stock opened at $4.60 on Monday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.56 and a current ratio of 2.27. The company’s 50-day simple moving average is $4.41 and its 200-day simple moving average is $4.09. Lendway has a one year low of $3.02 and a one year high of $6.88. The stock has a market capitalization of $8.13 million, a price-to-earnings ratio of -2.32 and a beta of 1.90.

Insider Buying and Selling at Lendway

In other news, CEO Daniel C. Philp bought 32,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was acquired at an average cost of $4.32 per share, for a total transaction of $138,240.00. Following the completion of the purchase, the chief executive officer now owns 59,071 shares of the company’s stock, valued at $255,186.72. This trade represents a 118.21 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.20% of the stock is owned by company insiders.

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.