Short Interest in MSP Recovery, Inc. (NASDAQ:LIFW) Decreases By 26.0%

MSP Recovery, Inc. (NASDAQ:LIFW - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 261,600 shares, a decrease of 26.0% from the March 15th total of 353,600 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,200,000 shares, the days-to-cover ratio is presently 0.1 days.

Insiders Place Their Bets

In other MSP Recovery news, major shareholder Cano Health, Inc. sold 31,658 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $0.82, for a total transaction of $25,959.56. Following the sale, the insider now directly owns 4,790,806 shares of the company's stock, valued at $3,928,460.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Cano Health, Inc. sold 31,658 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $0.82, for a total transaction of $25,959.56. Following the sale, the insider now directly owns 4,790,806 shares of the company's stock, valued at $3,928,460.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Hasan Ruiz purchased 438,596 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $1.14 per share, for a total transaction of $499,999.44. Following the completion of the purchase, the chief executive officer now directly owns 912,786 shares of the company's stock, valued at $1,040,576.04. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 3,870,925 shares of company stock valued at $4,392,067. 19.40% of the stock is currently owned by insiders.

Institutional Trading of MSP Recovery

Several hedge funds have recently modified their holdings of LIFW. Palantir Technologies Inc. lifted its holdings in MSP Recovery by 317.5% in the third quarter. Palantir Technologies Inc. now owns 9,038,838 shares of the company's stock valued at $1,989,000 after buying an additional 6,873,651 shares during the period. Royal Bank of Canada acquired a new position in MSP Recovery in the third quarter valued at approximately $120,000. BlackRock Inc. acquired a new position in MSP Recovery in the third quarter valued at approximately $112,000. Geode Capital Management LLC acquired a new position in MSP Recovery in the second quarter valued at approximately $78,000. Finally, PNC Financial Services Group Inc. acquired a new position in MSP Recovery in the second quarter valued at approximately $76,000. 3.77% of the stock is owned by institutional investors.

MSP Recovery Price Performance

Shares of LIFW traded down $0.04 during mid-day trading on Friday, hitting $1.14. 1,469,600 shares of the company traded hands, compared to its average volume of 2,110,792. MSP Recovery has a one year low of $0.65 and a one year high of $23.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. The business has a 50-day moving average of $0.94 and a 200 day moving average of $1.05.

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.