LM Funding America Inc (NASDAQ:LMFA) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 107,800 shares, a decrease of 12.1% from the July 31st total of 122,700 shares. Based on an average daily volume of 85,000 shares, the short-interest ratio is presently 1.3 days. Currently, 5.1% of the company’s stock are short sold.
Shares of NASDAQ:LMFA traded up $0.05 during trading hours on Thursday, reaching $0.95. The stock had a trading volume of 101 shares, compared to its average volume of 300,278. LM Funding America has a 1 year low of $0.75 and a 1 year high of $7.99. The firm’s 50 day moving average is $0.97 and its 200-day moving average is $1.23. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.71.
In other news, major shareholder Craven House Capital North Ame acquired 44,366 shares of the company’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $0.88 per share, with a total value of $39,042.08. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 28.00% of the company’s stock.
An institutional investor recently bought a new position in LM Funding America stock. Geode Capital Management LLC acquired a new stake in LM Funding America Inc (NASDAQ:LMFA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 30,394 shares of the financial services provider’s stock, valued at approximately $35,000. Geode Capital Management LLC owned about 4.86% of LM Funding America at the end of the most recent quarter. Institutional investors and hedge funds own 4.25% of the company’s stock.
LM Funding America Company Profile
LM Funding America, Inc, through its subsidiary, LM Funding, LLC, operates as a specialty finance company. It provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois. The company offers funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments.
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