Lendway, Inc. (NASDAQ:LDWY) Short Interest Up 7.7% in December

Lendway, Inc. (NASDAQ:LDWY) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 43,300 shares, a growth of 7.7% from the December 15th total of 40,200 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is currently 4.6 days. Approximately 4.5% of the company’s shares are sold short.

Lendway Trading Down 1.2 %

LDWY stock opened at $4.60 on Friday. Lendway has a 52-week low of $3.02 and a 52-week high of $6.88. The company has a debt-to-equity ratio of 2.40, a current ratio of 2.27 and a quick ratio of 0.56. The business has a fifty day moving average of $4.41 and a two-hundred day moving average of $4.09.

Insider Buying and Selling at Lendway

In other news, CEO Daniel C. Philp purchased 32,000 shares of Lendway stock in a transaction dated Thursday, November 21st. The shares were purchased at an average price of $4.32 per share, with a total value of $138,240.00. Following the transaction, the chief executive officer now owns 59,071 shares in the company, valued at $255,186.72. This represents a 118.21 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.20% of the stock is currently owned by company insiders.

Lendway Company Profile

Lendway, Inc operates as a specialty agricultural and finance company focusing on making and managing its agricultural investments in the United States and internationally. It owns and operates FarmlandCredit.com, a non-bank lending business that seeks to purchase existing loans and/or originate and fund new loans domestically.