LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Down 17.8% in March

LM Funding America, Inc. (NASDAQ:LMFA) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 45,300 shares, a decrease of 17.8% from the March 15th total of 55,100 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 49,400 shares, the short-interest ratio is currently 0.9 days.

Analysts Set New Price Targets

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

LM Funding America Price Performance

Shares of LM Funding America stock traded up $0.03 during midday trading on Monday, hitting $1.19. 46,410 shares of the company traded hands, compared to its average volume of 97,779. The stock has a market cap of $6.11 million, a price-to-earnings ratio of -0.24 and a beta of 1.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.65 and a current ratio of 3.65. The firm’s fifty day moving average price is $1.42 and its 200-day moving average price is $2.14. LM Funding America has a 12 month low of $1.02 and a 12 month high of $6.11.

Institutional Investors Weigh In On LM Funding America

A hedge fund recently bought a new stake in LM Funding America stock. Two Sigma Securities LLC purchased a new position in shares of LM Funding America, Inc. (NASDAQ:LMFA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter. Institutional investors and hedge funds own 22.73% of the company’s stock.

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.