A Reversal for Asta Funding Inc (NASDAQ:ASFI) Is Near. The Stock Has Decrease in Shorts

September 16, 2018 - By Michael Garrison

Asta Funding, Inc. (NASDAQ:ASFI) Logo

Investors sentiment decreased to 0.63 in Q2 2018. Its down 1.70, from 2.33 in 2018Q1. It fall, as 2 investors sold Asta Funding, Inc. shares while 6 reduced holdings. 4 funds opened positions while 1 raised stakes. 1.02 million shares or 5.04% less from 1.07 million shares in 2018Q1 were reported.
Pennsylvania-based Vanguard has invested 0% in Asta Funding, Inc. (NASDAQ:ASFI). 39,457 were accumulated by Geode Cap Lc. Blackrock holds 0% or 276,849 shares in its portfolio. Moreover, Bancshares Of America De has 0% invested in Asta Funding, Inc. (NASDAQ:ASFI) for 2 shares. Tower Rech Limited Liability Company (Trc) accumulated 618 shares. Renaissance Tech Ltd stated it has 0% of its portfolio in Asta Funding, Inc. (NASDAQ:ASFI). Rbf Capital Ltd Liability has 0.16% invested in Asta Funding, Inc. (NASDAQ:ASFI). 7,100 were accumulated by Royal Savings Bank Of Canada. Susquehanna Gru Llp has 24,127 shares for 0% of their portfolio. Barclays Public Ltd Com has 0% invested in Asta Funding, Inc. (NASDAQ:ASFI). Deutsche Savings Bank Ag holds 12,381 shares. Bridgeway Cap Mgmt has invested 0% in Asta Funding, Inc. (NASDAQ:ASFI). Dimensional Fund Advsr Lp holds 89,922 shares. Morgan Stanley reported 0% in Asta Funding, Inc. (NASDAQ:ASFI).

The stock of Asta Funding Inc (NASDAQ:ASFI) registered a decrease of 63.16% in short interest. ASFI’s total short interest was 1,400 shares in September as published by FINRA. Its down 63.16% from 3,800 shares, reported previously. With 13,000 shares average volume, it will take short sellers 0 days to cover their ASFI’s short positions. The short interest to Asta Funding Inc’s float is 0.08%.

It closed at $3.9 lastly. It is down 4.21% since September 16, 2017 and is uptrending. It has underperformed by 11.41% the S&P500.

Asta Funding, Inc., together with its subsidiaries, engages in the consumer receivable business in the United States. The company has market cap of $25.83 million. The firm operates through four divisions: Consumer Receivables, Personal Injury Claims, Structured Settlements, and GAR Disability Advocacy. It currently has negative earnings. The Consumer Receivables segment involved in the purchase, management, and servicing distressed consumer receivables, including charged-off receivables consisting of accounts that have been written-off by the originators and might have been previously serviced by collection agencies; semi-performing receivables, including accounts where the debtor is currently making partial or irregular monthly payments, but the accounts might have been written-off by the originators; and performing receivables comprising accounts where the debtor is making regular monthly payments that might or might not have been delinquent in the past.

More notable recent Asta Funding, Inc. (NASDAQ:ASFI) news were published by: Prnewswire.com which released: “Faruqi & Faruqi, LLP is Investigating Asta Funding, Inc. (ASFI) on Behalf of its Shareholders” on August 27, 2018, also Nasdaq.com with their article: “Asta Funding, Inc. Announces Additional Details Associated With It’s Restatement of Previously Issued Financial …” published on August 27, 2018, Globenewswire.com published: “UPDATE — Asta Funding, Inc. Announces Additional Details Associated With It’s Restatement of Previously Issued …” on August 28, 2018. More interesting news about Asta Funding, Inc. (NASDAQ:ASFI) were released by: Globenewswire.com and their article: “Asta Funding, Inc. Continued Listing Plan Accepted by Nasdaq” published on September 06, 2018 as well as Streetinsider.com‘s news article titled: “Asta Funding, Inc. (ASFI) Receives Nasdaq Non-Compliance Letter” with publication date: August 20, 2018.

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