Short Interest in Oportun Financial Co. (NASDAQ:OPRT) Expands By 39.5%

Oportun Financial Co. (NASDAQ:OPRT) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 207,400 shares, a growth of 39.5% from the March 31st total of 148,700 shares. Based on an average daily volume of 590,500 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On Oportun Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Bridgeway Capital Management LLC increased its stake in Oportun Financial by 1.3% during 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 in the last quarter. Flaharty Asset Management LLC raised its holdings in shares of Oportun Financial by 11.1% in 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 boosted its stake in Oportun Financial by 26.5% during the 4th quarter. Barclays PLC now owns 24,447 shares of the company’s stock valued at $96,000 after purchasing an additional 5,114 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 purchasing an additional 5,600 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings 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 purchasing an additional 5,608 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.

Analysts Set New Price Targets

OPRT has been the topic of a number of recent analyst reports. BTIG Research began coverage on shares of Oportun Financial in a research report on Wednesday, March 5th. They issued a “buy” rating and a $10.00 price target on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Oportun Financial in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Oportun Financial from $6.50 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th.

Oportun Financial Trading Up 4.1 %

NASDAQ:OPRT opened at $5.33 on Friday. Oportun Financial has a 12 month low of $2.37 and a 12 month high of $9.25. The stock has a market capitalization of $192.59 million, a price-to-earnings ratio of -2.65 and a beta of 0.86. The firm has a fifty day simple moving average of $5.42 and a two-hundred day simple moving average of $4.54.

Oportun Financial (NASDAQ:OPRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.44 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%. Equities analysts predict that Oportun Financial will post 0.94 earnings per share for the current fiscal 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.