LM Funding America, Inc. (NASDAQ:LMFA) Sees Large Increase in Short Interest

LM Funding America, Inc. (NASDAQ:LMFA) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 39,500 shares, an increase of 14.5% from the July 31st total of 34,500 shares. Based on an average daily trading volume, of 79,500 shares, the short-interest ratio is currently 0.5 days. Approximately 1.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of LM Funding America in a report on Thursday, August 15th.

LM Funding America Trading Up 6.7 %

NASDAQ LMFA opened at $2.86 on Friday. The stock has a market capitalization of $7.13 million, a price-to-earnings ratio of -0.69 and a beta of 1.40. The business’s 50 day moving average is $3.71 and its two-hundred day moving average is $3.43. LM Funding America has a 12-month low of $1.63 and a 12-month high of $6.11.

LM Funding America Company Profile

LM Funding America, Inc operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. The company was founded in 2008 and is based in Tampa, Florida.