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

LM Funding America, Inc. (NASDAQ:PWCM) was the recipient of a large 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. Currently, 12.6% of the shares of the company are sold short. Based on an average daily volume of 1,225,949 shares, the days-to-cover ratio is currently 0.2 days.

LM Funding America Stock Down 4.5%

Shares of NASDAQ:PWCM opened at $1.05 on Friday. The firm has a fifty day moving average price of $2.38 and a two-hundred day moving average price of $5.09. The company has a market cap of $1.88 million, a price-to-earnings ratio of -0.02 and a beta of 2.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.99. LM Funding America has a one year low of $1.02 and a one year high of $35.75.

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

Hedge Funds Weigh In On LM Funding America

Institutional investors have recently made changes to their positions in the stock. Armistice Capital LLC lifted its holdings in shares of LM Funding America by 40.5% during the 4th quarter. Armistice Capital LLC now owns 527,611 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 152,171 shares during the last quarter. Jane Street Group LLC raised its position in LM Funding America by 782.6% during the fourth quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 110,297 shares in the last quarter. Citadel Advisors LLC purchased a new stake in LM Funding America during the third quarter valued at about $139,000. Two Sigma Investments LP bought a new stake in LM Funding America during the third quarter worth about $100,000. Finally, XTX Topco Ltd purchased a new position in shares of LM Funding America in the 2nd quarter worth about $54,000. Institutional investors own 22.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of LM Funding America in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of LM Funding America to a “strong sell” rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company 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.