MSP Recovery, Inc. (NASDAQ:LIFW) Short Interest Update

MSP Recovery, Inc. (NASDAQ:LIFW) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 1,000,000 shares, a decrease of 14.5% from the September 30th total of 1,170,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is currently 0.7 days. Approximately 6.7% of the shares of the company are sold short.

Insider Transactions at MSP Recovery

In other MSP Recovery news, CEO John Hasan Ruiz bought 360,620 shares of the business’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 purchase, the chief executive officer now owns 1,741,406 shares in the company, valued at approximately $487,593.68. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 19.40% of the company’s stock.

MSP Recovery Stock Performance

Shares of LIFW stock opened at $0.14 on Tuesday. The company has a market cap of $19.59 million, a price-to-earnings ratio of -0.02 and a beta of -2.36. The stock has a 50 day simple moving average of $0.15 and a 200-day simple moving average of $0.22. MSP Recovery has a 12-month low of $0.13 and a 12-month high of $17.48. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.71.

MSP Recovery (NASDAQ:LIFW) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($1.49) earnings per share for the quarter. The firm 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%.

MSP Recovery Company Profile

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.