Short Interest in Lendway, Inc. (NASDAQ:TULP) Drops By 53.4%

Lendway, Inc. (NASDAQ:TULP) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 5,915 shares, a decrease of 53.4% from the August 15th total of 12,698 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 550 shares, the days-to-cover ratio is currently 10.8 days.

Lendway Stock Performance

Lendway stock opened at $3.40 on Monday. Lendway has a 1 year low of $3.11 and a 1 year high of $5.60. The firm has a 50 day moving average of $3.50. The stock has a market capitalization of $16.23 million, a P/E ratio of -1.24 and a beta of 2.63. The company has a current ratio of 1.26, a quick ratio of 0.63 and a debt-to-equity ratio of 5.08.

Analyst Upgrades and Downgrades

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

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.