Short Interest in Oportun Financial Co. (NASDAQ:OPRT) Drops By 13.4%

Oportun Financial Co. (NASDAQ:OPRT) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 139,000 shares, a drop of 13.4% from the August 31st total of 160,600 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 139,600 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OPRT shares. Singular Research raised Oportun Financial to a “strong-buy” rating in a research report on Friday, September 20th. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.70.

Oportun Financial Trading Down 1.1 %

Shares of OPRT stock opened at $2.74 on Monday. Oportun Financial has a 12 month low of $2.05 and a 12 month high of $7.41. The stock has a market cap of $97.87 million, a P/E ratio of -1.00 and a beta of 1.11. The company has a 50 day simple moving average of $2.93 and a two-hundred day simple moving average of $2.94.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.28. Oportun Financial had a negative return on equity of 11.04% and a negative net margin of 11.66%. The firm had revenue of $250.40 million during the quarter, compared to analyst estimates of $246.12 million. As a group, equities analysts forecast that Oportun Financial will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. SkyView Investment Advisors LLC increased its holdings in Oportun Financial by 28.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock worth $196,000 after acquiring an additional 15,000 shares in the last quarter. Long Focus Capital Management LLC increased its stake in shares of Oportun Financial by 6.0% in the second quarter. Long Focus Capital Management LLC now owns 1,740,777 shares of the company’s stock worth $5,048,000 after purchasing an additional 99,197 shares in the last quarter. Millennium Management LLC raised its position in shares of Oportun Financial by 26.4% during the 2nd quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock valued at $4,370,000 after purchasing an additional 314,553 shares during the period. Marshall Wace LLP lifted its stake in shares of Oportun Financial by 53.3% during the 2nd quarter. Marshall Wace LLP now owns 274,969 shares of the company’s stock valued at $797,000 after buying an additional 95,637 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Oportun Financial by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock worth $658,000 after buying an additional 31,415 shares during the period. 82.70% of the stock is owned by hedge funds and other institutional investors.

Oportun Financial Company Profile

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.