Manhattan Bridge Capital, Inc (NASDAQ:LOAN) Short Interest Up 42.9% in January

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 8,205 shares, a growth of 42.9% from the December 31st total of 5,740 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 37,097 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 37,097 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Manhattan Bridge Capital Stock Down 0.4%

Manhattan Bridge Capital stock opened at $4.49 on Friday. The stock has a 50-day simple moving average of $4.69 and a 200 day simple moving average of $5.07. The stock has a market capitalization of $51.37 million, a price-to-earnings ratio of 9.76 and a beta of 0.25. Manhattan Bridge Capital has a 12-month low of $4.29 and a 12-month high of $6.05.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Bridge Capital in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its position in shares of Manhattan Bridge Capital by 140.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,632 shares of the credit services provider’s stock worth $31,000 after buying an additional 3,292 shares during the period. RW Investment Management LLC acquired a new stake in Manhattan Bridge Capital during the 3rd quarter worth $71,000. Frazier Financial Advisors LLC bought a new stake in shares of Manhattan Bridge Capital during the 2nd quarter valued at $112,000. Briaud Financial Planning Inc acquired a new position in shares of Manhattan Bridge Capital in the 3rd quarter valued at $136,000. Finally, International Assets Investment Management LLC bought a new position in shares of Manhattan Bridge Capital in the 2nd quarter worth $149,000. 21.84% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.