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

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

Lendway Price Performance

Shares of TULP stock remained flat at $3.59 during trading hours on Wednesday. The company’s stock had a trading volume of 2,463 shares, compared to its average volume of 3,596. Lendway has a 52-week low of $3.11 and a 52-week high of $6.19. The stock’s fifty day moving average price is $3.80. The company has a quick ratio of 0.63, a current ratio of 1.26 and a debt-to-equity ratio of 5.08. The firm has a market cap of $17.12 million, a price-to-earnings ratio of -1.31 and a beta of 2.60.

Lendway (NASDAQ:TULP) last posted its quarterly 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 business had revenue of $14.44 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Lendway in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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.