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

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 16,900 shares, a decline of 50.3% from the February 28th total of 34,000 shares. Based on an average trading volume of 38,900 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

OptimumBank Trading Up 0.2 %

Shares of OPHC stock traded up $0.01 on Friday, hitting $4.17. The stock had a trading volume of 2,403 shares, compared to its average volume of 32,680. The company’s 50 day moving average price is $4.47 and its 200-day moving average price is $4.65. OptimumBank has a 1 year low of $4.00 and a 1 year high of $5.90. The firm has a market capitalization of $49.00 million, a P/E ratio of 3.16 and a beta of 0.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12.

Institutional Trading of OptimumBank

Hedge funds have recently made changes to their positions in the business. Fourthstone LLC purchased a new stake in OptimumBank during the 3rd quarter worth approximately $323,000. Geode Capital Management LLC raised its stake in shares of OptimumBank by 59.0% in the third 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 in the last quarter. Alliancebernstein L.P. boosted its holdings in OptimumBank by 20.7% in 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 during the period. Renaissance Technologies LLC boosted its holdings in OptimumBank by 17.1% in 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 during the period. Finally, Dimensional Fund Advisors LP increased its holdings in OptimumBank by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after purchasing an additional 2,611 shares during the period. Institutional investors and hedge funds own 7.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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