Short Interest to Follow: Asta Funding Incorporated (NASDAQ:ASFI) Has Decline in Shorts

November 24, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest to Follow: Asta Funding Incorporated (NASDAQ:ASFI) Has Decline in Shorts

The stock of Asta Funding Incorporated (NASDAQ:ASFI) registered a decrease of 77.49% in short interest. ASFI’s total short interest was 14,000 shares in November as published by FINRA. Its down 77.49% from 62,200 shares, reported previously. With 2,400 shares average volume, it will take short sellers 6 days to cover their ASFI’s short positions. The short interest to Asta Funding Incorporated’s float is 0.33%. The stock decreased 1.13% or $0.1 on November 23, hitting $8.75. About 2,504 shares traded hands. Asta Funding, Inc. (NASDAQ:ASFI) has declined 12.50% since April 22, 2016 and is downtrending. It has underperformed by 17.91% the S&P500.

Asta Funding, Inc. is engaged in the business of purchasing, servicing and managing for its own account, distressed consumer receivables, including charged off receivables and semi-performing receivables. The company has a market cap of $103.65 million. The Firm operates through four divisions: consumer receivables, personal injury claims, structured settlements and GAR disability advocates. It has a 26.02 P/E ratio. The consumer receivables segment is engaged in the business of purchasing, managing for its own account and servicing distressed consumer receivables, including charged-off and semi-performing receivables, in the international sector.

Insitutional Activity: The institutional sentiment increased to 0.78 in Q2 2016. Its up 0.05, from 0.73 in 2016Q1. The ratio improved, as 8 funds sold all Asta Funding, Inc. shares owned while 7 reduced positions. 4 funds bought stakes while 7 increased positions. They now own 6.58 million shares or 42.73% more from 4.61 million shares in 2016Q1.
Bridgeway Cap holds 0.02% or 137,500 shares in its portfolio. Newtyn Ltd Liability Company has invested 0.62% of its portfolio in Asta Funding, Inc. (NASDAQ:ASFI). Susquehanna Group Limited Liability Partnership holds 18,706 shares or 0% of its portfolio. State Bank Of America De owns 163 shares or 0% of their US portfolio. Blackrock Invest Mngmt Limited Liability Corp owns 647 shares or 0% of their US portfolio. Bank & Trust Of Ny Mellon Corporation has 0% invested in the company for 16,876 shares. Walleye Trading Ltd Llc accumulated 400 shares or 0% of the stock. Dimensional Fund Advsrs Limited Partnership has 0% invested in the company for 766,578 shares. Northern Trust Corp owns 16,367 shares or 0% of their US portfolio. Tower Rech Cap Limited Liability Company (Trc), a New York-based fund reported 3,417 shares. Royal Fincl Bank Of Canada accumulated 0% or 59,600 shares. Nationwide Fund last reported 2,269 shares in the company. Renaissance Technology Limited Liability has 179,800 shares for 0% of their US portfolio. Rbf Capital Ltd Limited Liability Company holds 400,000 shares or 0.84% of its portfolio. Blackrock Fund reported 10,585 shares or 0% of all its holdings.

ASFI Company Profile

Asta Funding, Inc., incorporated on August 2, 1995, together with its subsidiaries, is engaged in several business divisions in the financial services industry, and the business of purchasing, servicing and managing for its own account, distressed consumer receivables, including charged off receivables and semi-performing receivables. The Firm operates through four divisions: consumer receivables, personal injury claims, structured settlements and GAR disability advocates. The consumer receivables segment is engaged in the business of purchasing, managing for its own account and servicing distressed consumer receivables, including charged-off and semi-performing receivables, in the international sector. The personal injury claims segment includes Pegasus Funding, LLC (Pegasus), a subsidiary of the Company, purchases interests in personal injury claims from claimants, who are a party to personal injury litigation. The structured settlements segment consists of the activities of CBC Settlement Funding, LLC (CBC). The GAR disability advocates segment provides disability advocacy services throughout the United States.

More notable recent Asta Funding, Inc. (NASDAQ:ASFI) news were published by: Streetinsider.com which released: “Mangrove Boosts Tender Price for Asta Funding, Inc. (ASFI) by 5.6%” on April 15, 2016, also Globenewswire.com with their article: “Asta Funding, Inc. Agrees in Principle to Purchase Remaining 20% Interest in …” published on December 17, 2015, Prnewswire.com published: “Mangrove Announces Waiver of Condition of Tender Offer of Asta Funding, Inc.” on April 05, 2016. More interesting news about Asta Funding, Inc. (NASDAQ:ASFI) were released by: Seekingalpha.com and their article: “Mangrove Partners Acquires 33% Of Asta Funding” published on May 17, 2016 as well as Globenewswire.com‘s news article titled: “Asta Funding, Inc.’s Board of Directors Rejects Unsolicited Tender Offer” with publication date: April 01, 2016.

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By Ruchi Gupta

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