Asta Funding, Inc. (NASDAQ:ASFI) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 10,400 shares, an increase of 197.1% from the July 31st total of 3,500 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is presently 1.3 days.

Shares of NASDAQ:ASFI traded up $0.08 during trading on Wednesday, reaching $7.10. The stock had a trading volume of 2,100 shares, compared to its average volume of 6,240. Asta Funding has a 52 week low of $3.45 and a 52 week high of $8.71. The stock has a fifty day simple moving average of $7.53 and a two-hundred day simple moving average of $6.23.

Asta Funding (NASDAQ:ASFI) last posted its quarterly earnings data on Tuesday, August 13th. The business services provider reported $0.35 earnings per share (EPS) for the quarter. Asta Funding had a net margin of 46.98% and a return on equity of 10.48%. The business had revenue of $5.30 million during the quarter.

Separately, ValuEngine lowered Asta Funding from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Asta Funding Company Profile

Asta Funding, Inc, together with its subsidiaries, primarily engages in the consumer receivables business in the United States, Puerto Rico, and South America. It operates through three segments: Consumer Receivables, Personal Injury Claims, and Social Security Disability Advocacy. The Consumer Receivables segment is involved in purchasing, managing, and servicing distressed consumer receivables, including judgment receivables, which are accounts where outside attorneys secure judgments directly against the consumer; charged-off receivables consisting of accounts that have been written-off by the originators and might have been previously serviced by collection agencies; and semi-performing receivables that are accounts where the debtor is currently making partial or irregular monthly payments, but the accounts might have been written-off by the originators.

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