Lendway, Inc. (NASDAQ:TULP) Short Interest Down 48.7% in June

Lendway, Inc. (NASDAQ:TULP) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 9,974 shares, a decline of 48.7% from the June 15th total of 19,438 shares. Based on an average trading volume of 5,046 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.2% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lendway in a research note on Friday, July 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lendway has a consensus rating of “Sell”.

Lendway Stock Performance

Shares of TULP stock remained flat at $3.60 on Thursday. The company had a trading volume of 6,043 shares, compared to its average volume of 3,497. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.26 and a quick ratio of 0.63. The firm has a 50 day moving average of $3.79. The stock has a market capitalization of $17.18 million, a P/E ratio of -1.31 and a beta of 2.60. Lendway has a 12-month low of $3.11 and a 12-month high of $6.19.

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

Lendway Company Profile

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.