Short Interest in Oportun Financial Co. (NASDAQ:OPRT) Drops By 16.2%

Oportun Financial Co. (NASDAQ:OPRT) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 145,800 shares, a decline of 16.2% from the December 31st total of 173,900 shares. Based on an average trading volume of 180,200 shares, the days-to-cover ratio is presently 0.8 days.

Insiders Place Their Bets

In other news, insider Patrick Kirscht sold 8,403 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $3.80, for a total value of $31,931.40. Following the sale, the insider now directly owns 333,360 shares of the company’s stock, valued at approximately $1,266,768. This represents a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mohit Daswani acquired 7,420 shares of Oportun Financial stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $3.90 per share, for a total transaction of $28,938.00. Following the completion of the purchase, the director now owns 41,924 shares in the company, valued at approximately $163,503.60. The trade was a 21.50 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 41,264 shares of company stock valued at $159,826 in the last ninety days. 9.30% of the stock is currently owned by insiders.

Institutional Trading of Oportun Financial

Several institutional investors and hedge funds have recently made changes to their positions in OPRT. Empowered Funds LLC boosted its position in Oportun Financial by 5.1% during the fourth quarter. Empowered Funds LLC now owns 116,228 shares of the company’s stock worth $451,000 after purchasing an additional 5,608 shares during the period. Telos Capital Management Inc. bought a new position in shares of Oportun Financial in the fourth quarter valued at approximately $52,000. Geode Capital Management LLC raised its stake in Oportun Financial by 4.9% in the third quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock valued at $875,000 after purchasing an additional 14,683 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Oportun Financial in the third quarter valued at approximately $52,000. Finally, Renaissance Technologies LLC raised its stake in Oportun Financial by 16.1% in the second quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock valued at $658,000 after purchasing an additional 31,415 shares in the last quarter. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Oportun Financial Trading Up 12.2 %

NASDAQ OPRT traded up $0.50 on Friday, hitting $4.60. 369,264 shares of the company were exchanged, compared to its average volume of 183,892. The stock has a fifty day moving average of $3.90 and a 200-day moving average of $3.23. Oportun Financial has a 12 month low of $2.05 and a 12 month high of $4.62. The company has a market cap of $165.51 million, a PE ratio of -1.39 and a beta of 1.15.

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.