OptimumBank Holdings, Inc. (NASDAQ:OPHC) Sees Significant Drop in Short Interest

OptimumBank Holdings, Inc. (NASDAQ:OPHC) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 11,900 shares, a decrease of 20.1% from the August 15th total of 14,900 shares. Based on an average trading volume of 20,200 shares, the short-interest ratio is currently 0.6 days.

OptimumBank Price Performance

OPHC traded up $0.05 on Tuesday, reaching $4.60. 10,816 shares of the company’s stock were exchanged, compared to its average volume of 14,021. The stock’s fifty day moving average price is $4.56 and its 200-day moving average price is $4.40. OptimumBank has a twelve month low of $3.04 and a twelve month high of $4.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $44.53 million, a PE ratio of 4.46 and a beta of 0.37.

OptimumBank (NASDAQ:OPHC) last posted its quarterly earnings data on Monday, August 5th. The bank reported $0.34 EPS for the quarter. The business had revenue of $9.94 million during the quarter. OptimumBank had a net margin of 18.24% and a return on equity of 12.66%.

Institutional Trading of OptimumBank

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after acquiring an additional 8,960 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after purchasing an additional 9,228 shares during the last quarter. Finally, EJF Capital LLC acquired a new stake in shares of OptimumBank in the 1st quarter valued at $1,100,000. Hedge funds and other institutional investors own 7.43% of the company’s stock.

Wall Street Analysts Forecast Growth

OPHC has been the topic of a number of research reports. Compass Point started coverage on shares of OptimumBank in a research note on Thursday, May 23rd. They issued a “neutral” rating and a $5.25 price target on the stock. StockNews.com began coverage on OptimumBank in a research note on Sunday. They issued a “hold” rating on the stock.

OptimumBank Company Profile

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides various consumer and commercial banking services to individuals and businesses. It accepts demand interest-bearing and noninterest-bearing, savings, money market, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.