Lendway, Inc. (NASDAQ:TULP) Sees Large Drop in Short Interest

Lendway, Inc. (NASDAQ:TULP) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 4,823 shares, a decrease of 70.0% from the July 15th total of 16,101 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 3,742 shares, the short-interest ratio is presently 1.3 days.

Lendway Price Performance

Shares of Lendway stock remained flat at $3.61 during trading on Friday. The stock had a trading volume of 145 shares, compared to its average volume of 3,112. The firm has a market cap of $17.22 million, a price-to-earnings ratio of -1.31 and a beta of 2.61. The firm has a 50-day simple moving average of $3.62. The company has a current ratio of 1.26, a quick ratio of 0.63 and a debt-to-equity ratio of 5.08. Lendway has a 52-week low of $3.11 and a 52-week high of $6.19.

Lendway (NASDAQ:TULP) last posted its earnings results on Wednesday, May 13th. The company reported ($0.43) EPS for the quarter. Lendway had a negative return on equity of 42.76% and a negative net margin of 9.79%.The firm had revenue of $14.44 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About Lendway

Insignia Systems, Inc provides in-store advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages in the United States. It offers in-store signage solutions, which provides point-of-purchase services; merchandising solutions that include various corrugate displays, side caps, free standing shippers, and customized end-cap solutions; and on-pack solutions, which include BoxTalk, coupons, recipes, and cross-promotions. The company was incorporated in 1990 and is headquartered in Minneapolis, Minnesota.