Lendway, Inc. (NASDAQ:TULP) Shares Shorted: Short Interest Up 150.4% in October

Lendway, Inc. (NASDAQ:TULP) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 5,682 shares, an increase of 150.4% from the September 30th total of 2,269 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 4,117 shares, the days-to-cover ratio is presently 1.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 11th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Lendway Price Performance

Shares of NASDAQ:TULP opened at $2.26 on Friday. Lendway has a 1-year low of $2.00 and a 1-year high of $5.53. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.69 and a quick ratio of 1.19. The business has a fifty day moving average price of $2.95 and a 200-day moving average price of $3.55. The company has a market capitalization of $10.92 million, a PE ratio of -0.51 and a beta of 2.68.

Lendway Company Profile

Lendway, Inc (NASDAQ:TULP) is a real estate company focused on investing in, developing, and managing real estate assets. Through its subsidiaries, the company participates in real estate ownership and related activities, with an emphasis on identifying opportunities that may generate long-term value.

Lendway’s business activities include real estate investment, property operations, development, and financing-related services. Its portfolio and projects may include residential and commercial properties, while its financing activities support real estate transactions and investments.

The company serves the U.S.