LM Funding America, Inc. (NASDAQ:PWCM) Sees Significant Growth in Short Interest

LM Funding America, Inc. (NASDAQ:PWCM) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 192,062 shares, a growth of 163.1% from the August 15th total of 72,992 shares. Currently, 12.6% of the shares of the stock are short sold. Based on an average trading volume of 1,225,949 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Armistice Capital LLC increased its stake in shares of LM Funding America by 40.5% during the fourth quarter. Armistice Capital LLC now owns 527,611 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 152,171 shares in the last quarter. Jane Street Group LLC grew its stake in shares of LM Funding America by 782.6% in the fourth quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 110,297 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of LM Funding America in the 3rd quarter worth about $139,000. Two Sigma Investments LP bought a new position in LM Funding America in the 3rd quarter worth about $100,000. Finally, XTX Topco Ltd bought a new stake in LM Funding America during the 2nd quarter valued at about $54,000. 22.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on PWCM. Wall Street Zen cut shares of LM Funding America to a “strong sell” rating in a research report on Tuesday, August 25th. Weiss Ratings restated a “sell (e+)” rating on shares of LM Funding America in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

LM Funding America Price Performance

Shares of LM Funding America stock opened at $1.05 on Friday. The company has a market cap of $1.88 million, a PE ratio of -0.02 and a beta of 2.34. The business has a 50 day moving average of $2.38 and a 200 day moving average of $5.09. LM Funding America has a 52 week low of $1.02 and a 52 week high of $35.75. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.13.

LM Funding America (NASDAQ:PWCM) last posted its earnings results on Friday, August 14th. The financial services provider reported ($5.26) EPS for the quarter, missing the consensus estimate of ($3.50) by ($1.76). LM Funding America had a negative return on equity of 132.69% and a negative net margin of 413.92%.The company had revenue of $2.12 million during the quarter, compared to analysts’ expectations of $2.30 million.

About LM Funding America

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.