OppFi Inc. (NYSE:OPFI) Short Interest Update

OppFi Inc. (NYSE:OPFI) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 5,530,000 shares, a decrease of 13.5% from the February 13th total of 6,390,000 shares. Based on an average daily volume of 1,870,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 28.2% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th. JMP Securities downgraded shares of OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Finally, Citizens Jmp downgraded shares of OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th.

OppFi Trading Up 1.9 %

Shares of OppFi stock traded up $0.19 during trading hours on Thursday, reaching $9.87. The stock had a trading volume of 767,116 shares, compared to its average volume of 2,247,130. The firm has a market capitalization of $850.50 million, a price-to-earnings ratio of 61.66 and a beta of 1.63. OppFi has a 1 year low of $2.35 and a 1 year high of $17.73. The firm has a 50 day simple moving average of $11.63 and a two-hundred day simple moving average of $7.98.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The firm had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. During the same quarter last year, the firm posted $0.10 earnings per share. Sell-side analysts forecast that OppFi will post 0.86 EPS for the current year.

Insider Transactions at OppFi

In other OppFi news, Director David Vennettilli sold 43,238 shares of OppFi stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $9.45, for a total value of $408,599.10. Following the completion of the sale, the director now directly owns 90,762 shares of the company’s stock, valued at approximately $857,700.90. The trade was a 32.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Theodore G. Schwartz sold 79,559 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.13, for a total value of $726,373.67. Following the transaction, the director now directly owns 186,737 shares in the company, valued at approximately $1,704,908.81. This represents a 29.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 233,321 shares of company stock valued at $2,142,826 in the last ninety days. 84.00% of the stock is currently owned by company insiders.

Institutional Trading of OppFi

A number of institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp acquired a new position in shares of OppFi during the fourth quarter worth about $131,000. Wolverine Trading LLC purchased a new stake in shares of OppFi during the 4th quarter valued at about $630,000. Squarepoint Ops LLC purchased a new position in OppFi in the 4th quarter worth approximately $218,000. Two Sigma Advisers LP grew its position in OppFi by 27.9% in the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock valued at $3,287,000 after acquiring an additional 93,700 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of OppFi by 19.8% during the fourth quarter. Two Sigma Investments LP now owns 447,260 shares of the company’s stock valued at $3,426,000 after purchasing an additional 73,905 shares during the period. 7.10% of the stock is owned by hedge funds and other institutional investors.

About OppFi

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.