Short Interest in Oportun Financial Co. (NASDAQ:OPRT) Declines By 23.4%

Oportun Financial Co. (NASDAQ:OPRT) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 84,300 shares, a decline of 23.4% from the November 15th total of 110,000 shares. Based on an average daily trading volume, of 150,200 shares, the short-interest ratio is currently 0.6 days.

Insider Buying and Selling at Oportun Financial

In other Oportun Financial news, insider Patrick Kirscht sold 8,403 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Neil Williams acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of $3.87 per share, with a total value of $96,750.00. Following the completion of the transaction, the director now directly owns 140,338 shares of the company’s stock, valued at approximately $543,108.06. This represents a 21.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 41,264 shares of company stock valued at $159,826. Corporate insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Long Focus Capital Management LLC raised its position in shares of Oportun Financial by 6.0% in the second quarter. Long Focus Capital Management LLC now owns 1,740,777 shares of the company’s stock valued at $5,048,000 after buying an additional 99,197 shares during the last quarter. Millennium Management LLC grew its stake in Oportun Financial by 26.4% during the 2nd quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock valued at $4,370,000 after acquiring an additional 314,553 shares in the last quarter. RBF Capital LLC raised its holdings in Oportun Financial by 82.9% in the 3rd quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock valued at $2,748,000 after acquiring an additional 443,177 shares during the last quarter. Acuitas Investments LLC purchased a new position in Oportun Financial in the 2nd quarter worth approximately $1,577,000. Finally, Geode Capital Management LLC lifted its stake in Oportun Financial by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock worth $875,000 after purchasing an additional 14,683 shares in the last quarter. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Singular Research raised shares of Oportun Financial to a “strong-buy” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5.50.

Oportun Financial Stock Down 0.5 %

Shares of NASDAQ OPRT traded down $0.02 during midday trading on Monday, hitting $3.88. The stock had a trading volume of 160,918 shares, compared to its average volume of 228,575. Oportun Financial has a 1 year low of $2.05 and a 1 year high of $4.60. The company has a market capitalization of $139.56 million, a PE ratio of -1.18 and a beta of 1.17. The stock has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $2.99.

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.