Asta Funding, Inc. (NASDAQ:ASFI) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 10,400 shares, an increase of 197.1% from the July 31st total of 3,500 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is currently 1.3 days.

Separately, ValuEngine lowered shares of Asta Funding from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Shares of ASFI traded up $0.08 during mid-day trading on Wednesday, hitting $7.10. 2,100 shares of the company traded hands, compared to its average volume of 6,240. The business has a 50-day moving average of $7.53 and a 200 day moving average of $6.23. Asta Funding has a one year low of $3.45 and a one year high of $8.71.

Asta Funding (NASDAQ:ASFI) last posted its quarterly earnings data on Tuesday, August 13th. The business services provider reported $0.35 earnings per share for the quarter. Asta Funding had a net margin of 46.98% and a return on equity of 10.48%. The firm had revenue of $5.30 million during the quarter.

About Asta Funding

Asta Funding, Inc, together with its subsidiaries, primarily engages in the consumer receivables business in the United States, Puerto Rico, and South America. It operates through three segments: Consumer Receivables, Personal Injury Claims, and Social Security Disability Advocacy. The Consumer Receivables segment is involved in purchasing, managing, and servicing distressed consumer receivables, including judgment receivables, which are accounts where outside attorneys secure judgments directly against the consumer; charged-off receivables consisting of accounts that have been written-off by the originators and might have been previously serviced by collection agencies; and semi-performing receivables that are accounts where the debtor is currently making partial or irregular monthly payments, but the accounts might have been written-off by the originators.

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