Lendway, Inc. (NASDAQ:TULP) Stock Short Interest Declines 43.0%

Lendway, Inc. (NASDAQ:TULP) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,269 shares, a drop of 43.0% from the September 15th total of 3,980 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,619 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 11th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Lendway presently has an average rating of “Sell”.

Lendway Trading Up 3.8%

TULP stock traded up $0.08 during midday trading on Friday, hitting $2.19. 5,111 shares of the company’s stock were exchanged, compared to its average volume of 17,476. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $10.58 million, a PE ratio of -0.49 and a beta of 2.68. The business has a 50-day simple moving average of $3.20 and a two-hundred day simple moving average of $3.58. Lendway has a 1-year low of $2.00 and a 1-year high of $5.53.

About Lendway

Lendway, Inc (NASDAQ:TULP) is a real estate company focused on the acquisition, development and management of residential properties, particularly multifamily housing. Its activities include identifying real estate opportunities, overseeing property development and managing assets after completion.

The company’s business is centered on residential real estate investments and related development activities in the United States. Its portfolio and operations may change over time as Lendway acquires, develops or disposes of properties.

Lendway’s public disclosures provide limited detail about its broader product offerings, geographic markets and leadership beyond its real estate focus.