LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Down 30.0% in April

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LM Funding America, Inc. (NASDAQ:LMFA – Get Rating) was the target of a sharp decline in short-term interest in April. As of April 30, there was short interest totaling 122,700 shares, down 30.0% from the April 15 total of 175,200 shares. Based on an average daily trading volume of 76,800 shares, the short interest ratio is currently 1.6 days.

Several institutional investors have recently increased or reduced their stake in the company. Geode Capital Management LLC increased its equity stake in LM Funding America by 14.1% in the fourth quarter. Geode Capital Management LLC now owns 164,354 shares of the financial services provider worth $798,000 after acquiring an additional 20,252 shares in the last quarter. Millennium Management LLC bought a new stake in shares of LM Funding America in the 4th quarter for a value of approximately $175,000. Citadel Advisors LLC bought a new stake in shares of LM Funding America in Q3 for a value of approximately $101,000. State Street Corp bought a new stake in shares of LM Funding America in the 4th quarter for a value of approximately $91,000. Finally, National Bank of Canada FI bought a new stake in the shares of LM Funding America in the 4th quarter for a value of approximately $88,000. Hedge funds and other institutional investors own 6.25% of the company’s shares.

NASDAQ:LMFA shares rose $0.11 on Friday, hitting $1.21. The company’s stock had a trading volume of 194,565 shares, compared to an average volume of 79,200. LM Funding America has a 52-week low of $1.06 and a 52-week high of $7.81. The company has a 50-day simple moving average of $2.49 and a 200-day simple moving average of $3.99.

LM Funding America (NASDAQ:LMFA – Get Rating) last released quarterly earnings data on Thursday, March 31. The financial services provider reported ($1.04) EPS for the quarter. LM Funding America had a negative return on equity of 27.76% and a net margin of 448.54%. The company recorded revenue of $0.33 million during the quarter.

Separately, TheStreet reduced shares of LM Funding America from a “c-” rating to a “d+” rating in a Tuesday, April 19 research note.

LM Funding America Company Profile (Get an evaluation)

LM Funding America, Inc operates as a specialty finance company. It provides funding to non-profit community associations (associations) primarily located in the state of Florida, as well as the states of Washington, Colorado, and Illinois. The Company provides funding to Associations by redeeming their rights to delinquent accounts that are selected by Associations as a result of unpaid association dues.

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