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

Lendway, Inc. (NASDAQ:LDWY) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 27,400 shares, an increase of 568.3% from the November 15th total of 4,100 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 10,000 shares, the short-interest ratio is presently 2.7 days.

Insider Buying and Selling at Lendway

In related news, CEO Daniel C. Philp purchased 32,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were bought at an average cost of $4.32 per share, for a total transaction of $138,240.00. Following the completion of the purchase, the chief executive officer now directly owns 59,071 shares of the company’s stock, valued at approximately $255,186.72. This trade represents a 118.21 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 13.20% of the company’s stock.

Lendway Stock Performance

Lendway stock traded down $0.22 during midday trading on Wednesday, hitting $4.26. 10,307 shares of the company’s stock were exchanged, compared to its average volume of 8,534. The firm’s 50 day simple moving average is $3.75 and its 200 day simple moving average is $4.12. Lendway has a 12-month low of $3.02 and a 12-month high of $6.88. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.56 and a current ratio of 2.27. The stock has a market cap of $7.54 million, a price-to-earnings ratio of -2.15 and a beta of 1.90.

About Lendway

Lendway, Inc operates as a specialty agricultural and finance company focusing on making and managing its agricultural investments in the United States and internationally. It owns and operates FarmlandCredit.com, a non-bank lending business that seeks to purchase existing loans and/or originate and fund new loans domestically.