Oportun Financial Co. (NASDAQ:OPRT) Sees Significant Increase in Short Interest

Oportun Financial Co. (NASDAQ:OPRT) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 160,600 shares, an increase of 31.9% from the February 13th total of 121,800 shares. Based on an average daily volume of 464,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Oportun Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bridgeway Capital Management LLC increased its stake in shares of Oportun Financial by 1.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 237,728 shares of the company’s stock valued at $922,000 after purchasing an additional 3,008 shares during the last quarter. Flaharty Asset Management LLC grew its position in Oportun Financial by 11.1% during the 4th quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company’s stock worth $194,000 after acquiring an additional 5,000 shares during the last quarter. Barclays PLC grew its position in Oportun Financial by 26.5% during the 4th quarter. Barclays PLC now owns 24,447 shares of the company’s stock worth $96,000 after acquiring an additional 5,114 shares during the last quarter. Geode Capital Management LLC grew its position in Oportun Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 317,050 shares of the company’s stock worth $1,230,000 after acquiring an additional 5,600 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Oportun Financial by 5.1% during the 4th quarter. Empowered Funds LLC now owns 116,228 shares of the company’s stock worth $451,000 after acquiring an additional 5,608 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OPRT. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a report on Friday, February 14th. BTIG Research assumed coverage on Oportun Financial in a report on Wednesday, March 5th. They issued a “buy” rating and a $10.00 price objective for the company.

Oportun Financial Price Performance

Shares of NASDAQ OPRT opened at $5.52 on Monday. The stock has a market capitalization of $199.46 million, a PE ratio of -2.75 and a beta of 1.13. The business has a fifty day moving average price of $5.47 and a two-hundred day moving average price of $3.97. Oportun Financial has a fifty-two week low of $2.05 and a fifty-two week high of $9.25.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. Oportun Financial had a positive return on equity of 5.49% and a negative net margin of 7.86%. On average, equities analysts expect that Oportun Financial will post 0.94 EPS for the current year.

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.