OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Down 51.7% in January

OptimumBank Holdings, Inc. (NASDAQ:OPHCGet Free Report) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 5,700 shares, a decline of 51.7% from the January 15th total of 11,800 shares. Based on an average daily trading volume, of 10,300 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on OptimumBank in a report on Monday. They issued a “hold” rating for the company.

Get Our Latest Analysis on OptimumBank

Hedge Funds Weigh In On OptimumBank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPHC. Vanguard Group Inc. boosted its stake in OptimumBank by 86.0% during the third quarter. Vanguard Group Inc. now owns 98,489 shares of the bank’s stock worth $313,000 after buying an additional 45,544 shares during the period. Warberg Asset Management LLC purchased a new position in OptimumBank during the third quarter worth $65,000. Charter Oak Capital Management LLC purchased a new position in OptimumBank during the third quarter worth $35,000. Finally, Morgan Stanley boosted its position in shares of OptimumBank by 1,250,000.0% during the fourth quarter. Morgan Stanley now owns 100,008 shares of the bank’s stock valued at $409,000 after buying an additional 100,000 shares during the period. 3.69% of the stock is owned by institutional investors.

OptimumBank Stock Up 0.5 %

OptimumBank stock traded up $0.02 during trading hours on Monday, hitting $4.12. The stock had a trading volume of 4,477 shares, compared to its average volume of 10,034. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average price is $4.21 and its 200-day moving average price is $3.54. OptimumBank has a 12-month low of $2.77 and a 12-month high of $4.91. The stock has a market capitalization of $29.87 million, a P/E ratio of 5.42 and a beta of 0.32.

OptimumBank (NASDAQ:OPHCGet Free Report) last released its quarterly earnings results on Thursday, November 9th. The bank reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $6.83 million during the quarter. OptimumBank had a return on equity of 8.14% and a net margin of 15.20%.

OptimumBank Company Profile

(Get Free Report)

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, NOW, and time deposit accounts, as well as certificates of deposit.

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