Short Interest in Lendway, Inc. (NASDAQ:LDWY) Rises By 568.3%

Lendway, Inc. (NASDAQ:LDWY) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 27,400 shares, an increase of 568.3% from the November 15th total of 4,100 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,000 shares, the days-to-cover ratio is currently 2.7 days.

Insider Activity

In related news, CEO Daniel C. Philp bought 32,000 shares of Lendway stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average price of $4.32 per share, with a total value of $138,240.00. Following the purchase, the chief executive officer now owns 59,071 shares in the company, valued at $255,186.72. This represents a 118.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 13.20% of the company’s stock.

Lendway Price Performance

Shares of NASDAQ:LDWY traded down $0.22 on Wednesday, hitting $4.26. The company had a trading volume of 10,307 shares, compared to its average volume of 8,534. Lendway has a 52-week low of $3.02 and a 52-week high of $6.88. The company has a market cap of $7.54 million, a PE ratio of -2.15 and a beta of 1.90. The business has a 50 day moving average of $3.75 and a 200 day moving average of $4.12. The company has a current ratio of 2.27, a quick ratio of 0.56 and a debt-to-equity ratio of 2.40.

About Lendway

Lendway, Inc operates as a specialty agricultural and finance company focusing on making and managing its agricultural investments in the United States and internationally. It owns and operates FarmlandCredit.com, a non-bank lending business that seeks to purchase existing loans and/or originate and fund new loans domestically.