Short Interest in MSP Recovery, Inc. (NASDAQ:LIFW) Expands By 18.0%

MSP Recovery, Inc. (NASDAQ:LIFW) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 478,000 shares, an increase of 18.0% from the October 15th total of 405,100 shares. Based on an average daily trading volume, of 3,690,000 shares, the short-interest ratio is currently 0.1 days. Currently, 10.4% of the company’s shares are short sold.

MSP Recovery Stock Performance

LIFW opened at $6.83 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.29 and a current ratio of 0.29. The company’s fifty day moving average price is $3.49 and its two-hundred day moving average price is $3.81. MSP Recovery has a 1-year low of $1.05 and a 1-year high of $43.50.

MSP Recovery (NASDAQ:LIFW) last released its quarterly earnings results on Friday, September 1st. The company reported ($1.75) EPS for the quarter. The company had revenue of $2.54 million during the quarter. MSP Recovery had a negative net margin of 29.08% and a negative return on equity of 15.83%.

Insider Activity at MSP Recovery

In related news, insider Frank Carlos Quesada bought 274,725 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average cost of $5.50 per share, with a total value of $1,510,987.50. Following the completion of the purchase, the insider now directly owns 280,281 shares in the company, valued at $1,541,545.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Frank Carlos Quesada acquired 274,725 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were purchased at an average price of $5.50 per share, for a total transaction of $1,510,987.50. Following the completion of the acquisition, the insider now owns 280,281 shares of the company’s stock, valued at $1,541,545.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John Hasan Ruiz acquired 467,290 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were bought at an average price of $1.07 per share, for a total transaction of $500,000.30. Following the acquisition, the chief executive officer now directly owns 474,190 shares of the company’s stock, valued at approximately $507,383.30. The disclosure for this purchase can be found here. 19.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On MSP Recovery

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new stake in MSP Recovery in the 2nd quarter valued at $61,000. Wolverine Asset Management LLC purchased a new stake in shares of MSP Recovery during the first quarter valued at approximately $26,000. SkyView Investment Advisors LLC purchased a new stake in shares of MSP Recovery during the first quarter valued at approximately $52,000. Jane Street Group LLC purchased a new stake in shares of MSP Recovery during the second quarter valued at approximately $193,000. Finally, BlackRock Inc. purchased a new stake in shares of MSP Recovery during the second quarter valued at approximately $32,000. 6.15% of the stock is owned by hedge funds and other institutional investors.

About MSP Recovery

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recoveries and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.