OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Update

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

OptimumBank Stock Performance

NASDAQ OPHC traded down $0.17 during mid-day trading on Friday, reaching $4.26. 65,340 shares of the stock were exchanged, compared to its average volume of 31,842. The business’s 50 day moving average is $4.54 and its 200-day moving average is $4.67. OptimumBank has a 1 year low of $4.00 and a 1 year high of $5.90. The company has a market capitalization of $50.06 million, a P/E ratio of 3.23 and a beta of 0.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.

Institutional Trading of OptimumBank

A number of hedge funds have recently added to or reduced their stakes in OPHC. Dimensional Fund Advisors LP lifted its holdings in OptimumBank by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after purchasing an additional 2,611 shares in the last quarter. Fourthstone LLC purchased a new position in OptimumBank during the third quarter valued at $323,000. Geode Capital Management LLC lifted its holdings in OptimumBank by 59.0% during the third quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after purchasing an additional 30,202 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in OptimumBank by 17.1% during the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after purchasing an additional 19,971 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in OptimumBank by 20.7% during the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after purchasing an additional 61,971 shares in the last quarter. 7.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of OptimumBank in a report on Thursday. They set 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.