LendingClub Corporation (NYSE:LC) Short Interest Up 44.0% in March

Key Points

• Short interest rose 44% in March to 6,593,818 shares, representing about 5.9% of the company's shares sold short and a short-interest ratio of 3.7 days based on average daily volume.
• LendingClub reported quarterly EPS of $0.35 (beating estimates) and revenue of $266.47M (+22.7% YoY), trades around $16.61 with a $1.91B market cap and 14.44 P/E, and set FY 2026 EPS guidance of 1.65–1.80.
• Director Erin Selleck sold 2,390 shares in March; insiders own 3.19% while institutional investors own 74.08%, and analysts' consensus is a Moderate Buy with an average price target of $22.00.

LendingClub Corporation (NYSE:LC - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 6,593,818 shares, an increase of 44.0% from the March 15th total of 4,579,534 shares. Approximately 5.9% of the shares of the company are sold short. Based on an average daily volume of 1,789,372 shares, the short-interest ratio is presently 3.7 days.

LendingClub Stock Performance

LendingClub stock traded up $0.05 during trading hours on Thursday, reaching $16.61. 1,801,313 shares of the stock were exchanged, compared to its average volume of 2,089,606. The stock has a market cap of $1.91 billion, a P/E ratio of 14.44 and a beta of 1.95. LendingClub has a 52-week low of $9.00 and a 52-week high of $21.67. The firm's 50 day moving average is $15.07 and its 200 day moving average is $17.06.

LendingClub (NYSE:LC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $266.47 million during the quarter, compared to the consensus estimate of $262.88 million. LendingClub had a net margin of 13.58% and a return on equity of 9.47%. LendingClub's quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. Equities research analysts expect that LendingClub will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Erin Selleck sold 2,390 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total transaction of $36,949.40. Following the completion of the sale, the director owned 78,767 shares in the company, valued at $1,217,737.82. This represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LendingClub

A number of large investors have recently made changes to their positions in LC. Aster Capital Management DIFC Ltd purchased a new position in shares of LendingClub in the 3rd quarter valued at about $26,000. International Assets Investment Management LLC purchased a new position in shares of LendingClub in the 4th quarter valued at about $40,000. Kestra Advisory Services LLC purchased a new position in shares of LendingClub in the 4th quarter valued at about $44,000. Quarry LP increased its holdings in shares of LendingClub by 343.0% in the 3rd quarter. Quarry LP now owns 3,030 shares of the credit services provider's stock valued at $46,000 after purchasing an additional 2,346 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of LendingClub in the 2nd quarter valued at about $53,000. Hedge funds and other institutional investors own 74.08% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LC. BTIG Research reiterated a "buy" rating and set a $26.00 price target on shares of LendingClub in a research note on Thursday, January 29th. Wall Street Zen cut shares of LendingClub from a "buy" rating to a "hold" rating in a research note on Sunday, February 15th. Zacks Research cut shares of LendingClub from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of LendingClub in a research note on Monday, December 29th. Finally, Piper Sandler reiterated an "overweight" rating and set a $23.00 price target on shares of LendingClub in a research note on Thursday, January 29th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $22.00.

LendingClub Company Profile

LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.

Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.

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