LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Update

LM Funding America, Inc. (NASDAQ:LMFA) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 161,900 shares, agrowthof43.5% from the July 31st total of 112,800 shares. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LMFA. HC Wainwright raised LM Funding America from a “neutral” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Friday, August 15th. Wall Street Zen upgraded shares of LM Funding America from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, LM Funding America has a consensus rating of “Buy” and an average price target of $5.00.

Institutional Investors Weigh In On LM Funding America

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new position in LM Funding America in the 2nd quarter worth $70,000. Armistice Capital LLC raised its holdings in shares of LM Funding America by 28.4% during the second quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock worth $1,138,000 after purchasing an additional 87,905 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in LM Funding America during the second quarter valued at $54,000. Institutional investors own 22.73% of the company’s stock.

LM Funding America Stock Performance

LM Funding America stock traded up $0.07 during trading on Monday, hitting $1.16. The stock had a trading volume of 844,344 shares, compared to its average volume of 763,571. The stock’s 50 day moving average is $2.20 and its two-hundred day moving average is $1.78. LM Funding America has a 1 year low of $1.02 and a 1 year high of $5.14. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.16. The stock has a market cap of $17.63 million, a price-to-earnings ratio of -0.27 and a beta of 1.83.

LM Funding America (NASDAQ:LMFA) last announced its quarterly earnings data on Thursday, August 14th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.54. The firm had revenue of $1.93 million for the quarter, compared to analysts’ expectations of $2.00 million. LM Funding America had a negative return on equity of 33.65% and a negative net margin of 129.10%. As a group, analysts predict that LM Funding America will post -5.5 EPS for the current year.

LM Funding America Company Profile

LM Funding America, Inc operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. The company was founded in 2008 and is based in Tampa, Florida.