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

Lendway, Inc. (NASDAQ:TULP) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 5,682 shares, a growth of 150.4% from the September 30th total of 2,269 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 4,117 shares, the short-interest 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 report on Friday, September 11th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Lendway Stock Performance

Shares of TULP stock opened at $2.26 on Friday. 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 stock has a market cap of $10.79 million, a P/E ratio of -0.51 and a beta of 2.63. Lendway has a one year low of $2.00 and a one year high of $5.53. The company has a fifty day moving average price of $2.93 and a two-hundred day moving average price of $3.54.

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.