Lendway, Inc. (NASDAQ:TULP – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 9,974 shares, a drop of 48.7% from the June 15th total of 19,438 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,046 shares, the short-interest ratio is currently 2.0 days.
Lendway Price Performance
Shares of Lendway stock remained flat at $3.59 on Wednesday. The stock had a trading volume of 2,463 shares, compared to its average volume of 3,596. The stock has a fifty day moving average of $3.80. The company has a market capitalization of $17.12 million, a PE ratio of -1.31 and a beta of 2.60. Lendway has a one year low of $3.11 and a one year high of $6.19. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.26 and a quick ratio of 0.63.
Lendway (NASDAQ:TULP – Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported ($0.43) EPS for the quarter. Lendway had a negative return on equity of 42.76% and a negative net margin of 9.79%.The business had revenue of $14.44 million for the quarter.
Wall Street Analyst Weigh In
About Lendway
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.
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