Lendway, Inc. (NASDAQ:TULP) Short Interest Update

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

Lendway Stock Performance

Shares of TULP stock opened at $3.61 on Thursday. 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 company has a market cap of $17.22 million, a P/E ratio of -1.31 and a beta of 2.61. Lendway has a 52-week low of $3.11 and a 52-week high of $6.19. The stock has a 50-day moving average price of $3.63.

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 for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently 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.