Lendway, Inc. (NASDAQ:TULP – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 2,269 shares, a drop of 43.0% from the September 15th total of 3,980 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 3,619 shares, the short-interest ratio is currently 0.6 days.
Lendway Trading Up 7.6%
Shares of NASDAQ:TULP traded up $0.16 during midday trading on Friday, reaching $2.27. 6,929 shares of the company’s stock were exchanged, compared to its average volume of 4,223. The stock has a market cap of $10.96 million, a price-to-earnings ratio of -0.51 and a beta of 2.68. Lendway has a fifty-two week low of $2.00 and a fifty-two week high of $5.53. The firm’s 50 day simple moving average is $3.18 and its two-hundred day simple moving average is $3.57. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.69 and a quick ratio of 1.19.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 11th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Lendway currently has a consensus rating of “Sell”.
Read Our Latest Research Report on TULP
Lendway Company Profile
Lendway, Inc (NASDAQ:TULP) is a real estate company focused on the acquisition, development and management of residential properties, particularly multifamily housing. Its activities include identifying real estate opportunities, overseeing property development and managing assets after completion.
The company’s business is centered on residential real estate investments and related development activities in the United States. Its portfolio and operations may change over time as Lendway acquires, develops or disposes of properties.
Lendway’s public disclosures provide limited detail about its broader product offerings, geographic markets and leadership beyond its real estate focus.
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