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

OptimumBank Holdings, Inc. (NASDAQ:OPHC) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 10,900 shares, an increase of 678.6% from the December 15th total of 1,400 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 24,900 shares, the days-to-cover ratio is currently 0.4 days.

Shares of NASDAQ:OPHC opened at $4.22 on Friday. The company’s fifty day moving average is $4.47 and its two-hundred day moving average is $4.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.54. OptimumBank has a 12-month low of $3.02 and a 12-month high of $7.27. The company has a market cap of $19.96 million, a P/E ratio of 7.28 and a beta of 1.05.

OptimumBank (NASDAQ:OPHC) last posted its quarterly earnings results on Tuesday, November 9th. The bank reported $0.21 earnings per share for the quarter. OptimumBank had a net margin of 20.65% and a return on equity of 8.19%. The business had revenue of $3.19 million for the quarter.

Separately, TheStreet raised shares of OptimumBank from a “d+” rating to a “c-” rating in a research note on Friday, October 15th.

Several hedge funds and other institutional investors have recently bought and sold shares of OPHC. Renaissance Technologies LLC increased its position in OptimumBank by 7.6% during the third quarter. Renaissance Technologies LLC now owns 157,500 shares of the bank’s stock worth $816,000 after buying an additional 11,101 shares during the last quarter. Citadel Advisors LLC acquired a new position in OptimumBank during the second quarter worth $67,000. Finally, MYDA Advisors LLC bought a new stake in OptimumBank during the second quarter valued at about $89,000. 12.93% of the stock is currently owned by institutional investors and hedge funds.

OptimumBank Company Profile

OptimumBank Holdings, Inc is a bank holding company for OptimumBank, which offers a variety of community banking services to individual and corporate customers through OptimumBank. Its services include savings, deposits, checking, cash management services, business checking, online banking, and ATM networks.

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