OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Down 29.2% in February

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 34,000 shares, a decline of 29.2% from the February 13th total of 48,000 shares. Based on an average daily trading volume, of 40,100 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On OptimumBank

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of OptimumBank by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after acquiring an additional 2,611 shares during the period. Fourthstone LLC bought a new position in shares of OptimumBank during the 3rd quarter valued at approximately $323,000. Geode Capital Management LLC grew its stake in shares of OptimumBank by 59.0% during the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after acquiring an additional 30,202 shares during the period. Renaissance Technologies LLC grew its stake in shares of OptimumBank by 17.1% during the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after acquiring an additional 19,971 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of OptimumBank by 20.7% during the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after acquiring an additional 61,971 shares during the period. 7.43% of the stock is currently owned by institutional investors.

OptimumBank Stock Performance

Shares of OptimumBank stock traded up $0.05 during trading hours on Tuesday, reaching $4.30. 2,187 shares of the stock traded hands, compared to its average volume of 31,649. The company has a 50 day moving average price of $4.53 and a 200 day moving average price of $4.67. The firm has a market capitalization of $50.53 million, a price-to-earnings ratio of 3.26 and a beta of 0.36. OptimumBank has a one year low of $4.00 and a one year high of $5.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on OptimumBank in a research report on Thursday, March 13th. They issued a “hold” rating for the company.

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.