Short Interest in MSP Recovery, Inc. (NASDAQ:LIFW) Rises By 21.8%

MSP Recovery, Inc. (NASDAQ:LIFW) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 372,400 shares, a growth of 21.8% from the May 31st total of 305,800 shares. Based on an average daily trading volume, of 1,850,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.6% of the shares of the stock are short sold.

MSP Recovery Price Performance

MSP Recovery stock traded down $0.04 during midday trading on Tuesday, reaching $0.40. 594,000 shares of the company were exchanged, compared to its average volume of 1,390,518. The company has a market capitalization of $56.03 million, a price-to-earnings ratio of -0.06 and a beta of -2.31. The firm’s 50-day simple moving average is $0.59 and its 200-day simple moving average is $0.81. MSP Recovery has a 1 year low of $0.30 and a 1 year high of $17.48. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.23 and a current ratio of 0.23.

MSP Recovery (NASDAQ:LIFW) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.57) EPS for the quarter. The company had revenue of $6.00 million for the quarter. MSP Recovery had a negative return on equity of 3.70% and a negative net margin of 724.07%.

About MSP Recovery

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.