Short Interest in MSP Recovery, Inc. (NASDAQ:LIFW) Drops By 14.5%

Posted by Matthew Steigler on Oct 31st, 2024

MSP Recovery, Inc. (NASDAQ:LIFW – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,000,000 shares, a decline of 14.5% from the September 30th total of 1,170,000 shares. Based on an average daily volume of 1,340,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 6.7% of the company’s shares are sold short.

Insider Buying and Selling at MSP Recovery

In other news, CEO John Hasan Ruiz acquired 360,620 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average cost of $0.28 per share, with a total value of $100,973.60. Following the completion of the purchase, the chief executive officer now owns 1,741,406 shares of the company’s stock, valued at $487,593.68. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 86.52% of the stock is owned by corporate insiders.

MSP Recovery Trading Down 6.9 %

Shares of LIFW stock opened at $0.12 on Thursday. MSP Recovery has a fifty-two week low of $0.12 and a fifty-two week high of $17.48. The company has a 50 day moving average price of $0.14 and a 200 day moving average price of $0.22. The stock has a market capitalization of $17.67 million, a P/E ratio of -0.02 and a beta of -2.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.14 and a current ratio of 0.14.

MSP Recovery (NASDAQ:LIFW – Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($1.49) EPS for the quarter. The business had revenue of $0.34 million during the quarter. MSP Recovery had a negative return on equity of 5.50% and a negative net margin of 1,162.14%.

About MSP Recovery

(Get Free Report)

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.