LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Down 64.4% in February

LM Funding America, Inc. (NASDAQ:LMFAGet Free Report) saw a large decrease in short interest in February. As of February 29th, there was short interest totalling 73,600 shares, a decrease of 64.4% from the February 14th total of 207,000 shares. Based on an average daily volume of 178,600 shares, the short-interest ratio is currently 0.4 days.

LM Funding America Trading Down 7.9 %

NASDAQ:LMFA opened at $3.05 on Friday. The company has a fifty day moving average of $3.14 and a 200 day moving average of $2.89. LM Funding America has a 52 week low of $1.63 and a 52 week high of $8.22.

Institutional Inflows and Outflows

An institutional investor recently raised its position in LM Funding America stock. Renaissance Technologies LLC increased its holdings in LM Funding America, Inc. (NASDAQ:LMFAFree Report) by 995.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,395 shares of the financial services provider’s stock after acquiring an additional 139,392 shares during the quarter. Renaissance Technologies LLC owned about 1.17% of LM Funding America worth $125,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 22.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of LM Funding America in a research note on Thursday, December 28th.

View Our Latest Research Report on LM Funding America

LM Funding America Company Profile

(Get Free Report)

LM Funding America, Inc operates as a cryptocurrency mining and technology-based specialty finance company. It engages in Bitcoin mining operations. The company also provides funding to nonprofit community associations primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois.

Further Reading

Receive News & Ratings for LM Funding America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LM Funding America and related companies with MarketBeat.com's FREE daily email newsletter.