LM Funding America, Inc. (NASDAQ:PWCM) Sees Significant Growth in Short Interest

LM Funding America, Inc. (NASDAQ:PWCM) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 192,062 shares, a growth of 163.1% from the August 15th total of 72,992 shares. Based on an average trading volume of 1,225,949 shares, the days-to-cover ratio is currently 0.2 days. Currently, 12.6% of the shares of the company are short sold.

LM Funding America Stock Performance

LM Funding America stock traded down $0.03 during mid-day trading on Monday, reaching $1.02. 183,310 shares of the stock traded hands, compared to its average volume of 757,702. LM Funding America has a 12-month low of $1.00 and a 12-month high of $35.75. The business’s 50-day moving average is $2.33 and its 200-day moving average is $5.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $1.83 million, a PE ratio of -0.02 and a beta of 2.34.

LM Funding America (NASDAQ:PWCM) last announced its earnings results on Friday, August 14th. The financial services provider reported ($5.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.50) by ($1.76). LM Funding America had a negative return on equity of 132.69% and a negative net margin of 413.92%.The firm had revenue of $2.12 million during the quarter, compared to analysts’ expectations of $2.30 million.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of LM Funding America in a report on Wednesday, June 24th. Wall Street Zen cut shares of LM Funding America to a “strong sell” rating in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

LM Funding America Company Profile

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.