Lendway, Inc. (NASDAQ:TULP) Shares Shorted: Short Interest Up 150.4% in October

Lendway, Inc. (NASDAQ:TULP) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 5,682 shares, an increase of 150.4% from the September 30th total of 2,269 shares. Based on an average trading volume of 4,117 shares, the short-interest ratio is currently 1.4 days. Approximately 0.2% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

Lendway Price Performance

NASDAQ TULP opened at $2.26 on Friday. Lendway has a one year low of $2.00 and a one year high of $5.53. The stock has a 50-day moving average of $2.95 and a 200 day moving average of $3.55. The company has a market capitalization of $10.92 million, a price-to-earnings ratio of -0.51 and a beta of 2.68. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.19 and a current ratio of 1.69.

Lendway Company Profile

Lendway, Inc (NASDAQ:TULP) is a real estate company focused on investing in, developing, and managing real estate assets. Through its subsidiaries, the company participates in real estate ownership and related activities, with an emphasis on identifying opportunities that may generate long-term value.

Lendway’s business activities include real estate investment, property operations, development, and financing-related services. Its portfolio and projects may include residential and commercial properties, while its financing activities support real estate transactions and investments.

The company serves the U.S.