Short Interest in Lendway, Inc. (NASDAQ:LDWY) Decreases By 97.0%

Lendway, Inc. (NASDAQ:LDWY) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 800 shares, a decrease of 97.0% from the February 13th total of 26,300 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 5,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lendway stock. Geode Capital Management LLC boosted its stake in Lendway, Inc. (NASDAQ:LDWY) by 54.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,494 shares of the company’s stock after buying an additional 5,804 shares during the quarter. Geode Capital Management LLC owned approximately 0.93% of Lendway worth $80,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.64% of the company’s stock.

Lendway Trading Down 1.5 %

NASDAQ:LDWY opened at $3.74 on Thursday. The stock has a fifty day simple moving average of $4.28 and a 200 day simple moving average of $4.05. The firm has a market capitalization of $6.61 million, a price-to-earnings ratio of -1.89 and a beta of 1.97. Lendway has a 1-year low of $3.02 and a 1-year high of $6.88. The company has a quick ratio of 0.56, a current ratio of 2.27 and a debt-to-equity ratio of 2.40.

About Lendway

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.