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

Lendway, Inc. (NASDAQ:TULP) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 5,915 shares, a decrease of 53.4% from the August 15th total of 12,698 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 550 shares, the short-interest ratio is currently 10.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lendway currently has a consensus rating of “Sell”.

Lendway Stock Performance

Shares of NASDAQ TULP opened at $3.40 on Monday. The company has a quick ratio of 0.63, a current ratio of 1.26 and a debt-to-equity ratio of 5.08. Lendway has a one year low of $3.11 and a one year high of $5.60. The stock has a market cap of $16.23 million, a price-to-earnings ratio of -1.24 and a beta of 2.63. The stock’s fifty day moving average is $3.50.

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.