Short Interest in LM Funding America, Inc. (NASDAQ:LMFA) Grows By 65.9%

LM Funding America, Inc. (NASDAQ:LMFA) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 61,700 shares, an increase of 65.9% from the April 30th total of 37,200 shares. Based on an average daily volume of 62,800 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.3% of the company’s shares are sold short.

LM Funding America Trading Up 0.8%

LMFA traded up $0.02 during trading hours on Monday, reaching $1.95. 136,208 shares of the company’s stock traded hands, compared to its average volume of 89,997. LM Funding America has a 52-week low of $1.02 and a 52-week high of $6.11. The firm has a market capitalization of $9.98 million, a PE ratio of -0.40 and a beta of 1.53. The firm has a 50-day moving average price of $1.47 and a 200 day moving average price of $1.89. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.17.

LM Funding America (NASDAQ:LMFA) last issued its earnings results on Thursday, May 15th. The financial services provider reported ($1.05) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.40). The firm had revenue of $2.37 million during the quarter, compared to analysts’ expectations of $2.85 million. LM Funding America had a negative return on equity of 35.84% and a negative net margin of 96.23%. As a group, sell-side analysts predict that LM Funding America will post -5.5 EPS for the current fiscal year.

Institutional Investors Weigh In On LM Funding America

An institutional investor recently bought a new position in LM Funding America stock. Two Sigma Securities LLC purchased a new stake in LM Funding America, Inc. (NASDAQ:LMFA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,604 shares of the financial services provider’s stock, valued at approximately $31,000. Two Sigma Securities LLC owned about 0.28% of LM Funding America as of its most recent filing with the Securities & Exchange Commission. 22.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “neutral” rating on shares of LM Funding America in a research report on Wednesday, April 2nd.

About LM Funding America

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.