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

Lendway, Inc. (NASDAQ:TULP) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 4,823 shares, a decrease of 70.0% from the July 15th total of 16,101 shares. Based on an average trading volume of 3,742 shares, the short-interest ratio is presently 1.3 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Lendway Price Performance

Lendway stock opened at $3.61 on Thursday. The company has a market capitalization of $17.22 million, a price-to-earnings ratio of -1.31 and a beta of 2.61. Lendway has a one year low of $3.11 and a one year high of $6.19. The company has a quick ratio of 0.63, a current ratio of 1.26 and a debt-to-equity ratio of 5.08. The stock has a fifty day moving average of $3.63.

Lendway (NASDAQ:TULP) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.43) earnings per share (EPS) for the quarter. The company had revenue of $14.44 million for the quarter. Lendway had a negative net margin of 9.79% and a negative return on equity of 42.76%.

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.