Lendway, Inc. (NASDAQ:LDWY) Short Interest Down 57.0% in January

Lendway, Inc. (NASDAQ:LDWY) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 18,600 shares, a decline of 57.0% from the December 31st total of 43,300 shares. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.9% of the shares of the company are sold short.

Insider Buying and Selling

In related news, CEO Daniel C. Philp purchased 32,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average price of $4.32 per share, with a total value of $138,240.00. Following the acquisition, the chief executive officer now owns 59,071 shares of the company’s stock, valued at $255,186.72. This trade represents a 118.21 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 13.20% of the stock is currently owned by insiders.

Lendway Stock Performance

Shares of NASDAQ:LDWY traded up $0.02 during mid-day trading on Thursday, reaching $4.47. The company had a trading volume of 28,077 shares, compared to its average volume of 5,514. The company has a current ratio of 2.27, a quick ratio of 0.56 and a debt-to-equity ratio of 2.40. The firm has a market cap of $7.90 million, a price-to-earnings ratio of -2.26 and a beta of 1.90. The company’s 50-day moving average price is $4.55 and its 200-day moving average price is $4.09. Lendway has a one year low of $3.02 and a one year high of $6.88.

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.