Short Interest in LM Funding America, Inc. (NASDAQ:LMFA) Decreases By 97.1%

LM Funding America, Inc. (NASDAQ:LMFA) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 33,273 shares, a decline of 97.1% from the June 30th total of 1,161,168 shares. Approximately 5.6% of the company’s shares are short sold. Based on an average daily trading volume, of 62,035 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LM Funding America in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $125.00.

Insider Activity at LM Funding America

In other news, CFO Richard D. Russell purchased 5,264 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $28,952.00. Following the transaction, the chief financial officer directly owned 9,765 shares of the company’s stock, valued at approximately $53,707.50. The trade was a 116.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 15.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in shares of LM Funding America in the second quarter worth about $54,000. Armistice Capital LLC grew its holdings in LM Funding America by 28.4% during the 2nd quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock valued at $1,138,000 after buying an additional 87,905 shares in the last quarter. Jane Street Group LLC purchased a new position in LM Funding America during the 2nd quarter valued at about $70,000. Two Sigma Investments LP bought a new stake in shares of LM Funding America during the third quarter valued at about $100,000. Finally, Citadel Advisors LLC purchased a new stake in shares of LM Funding America in the third quarter worth about $139,000. Institutional investors own 22.73% of the company’s stock.

LM Funding America Price Performance

The stock’s 50 day simple moving average is $4.51 and its 200-day simple moving average is $7.01. The firm has a market capitalization of $1.91 million, a price-to-earnings ratio of -0.05 and a beta of 2.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.13 and a current ratio of 1.13. LM Funding America has a 1 year low of $2.25 and a 1 year high of $128.50.

LM Funding America (NASDAQ:LMFA) last released its quarterly earnings results on Friday, May 15th. The financial services provider reported ($11.75) earnings per share for the quarter, missing the consensus estimate of ($7.75) by ($4.00). The firm had revenue of $2.11 million for the quarter, compared to analysts’ expectations of $3.00 million. LM Funding America had a negative return on equity of 102.63% and a negative net margin of 368.68%.

About LM Funding America

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.