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

OptimumBank Holdings, Inc. (NASDAQ:OPHC) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 11,900 shares, a decrease of 20.1% from the August 15th total of 14,900 shares. Based on an average daily volume of 20,200 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OPHC shares. Compass Point assumed coverage on shares of OptimumBank in a report on Thursday, May 23rd. They issued a “neutral” rating and a $5.25 target price on the stock. StockNews.com started coverage on OptimumBank in a research report on Sunday. They set a “hold” rating for the company.

OptimumBank Price Performance

Shares of NASDAQ:OPHC opened at $4.58 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $44.33 million, a PE ratio of 4.49 and a beta of 0.37. The firm’s 50 day moving average price is $4.56 and its 200-day moving average price is $4.40. OptimumBank has a twelve month low of $3.04 and a twelve month high of $4.98.

OptimumBank (NASDAQ:OPHC) last issued its quarterly earnings data on Monday, August 5th. The bank reported $0.34 earnings per share (EPS) for the quarter. The firm had revenue of $9.94 million during the quarter. OptimumBank had a net margin of 18.24% and a return on equity of 12.66%.

Institutional Investors Weigh In On OptimumBank

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of OptimumBank by 52.2% during the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after purchasing an additional 8,960 shares in the last quarter. Renaissance Technologies LLC boosted its stake in OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after purchasing an additional 9,228 shares during the period. Finally, EJF Capital LLC bought a new stake in shares of OptimumBank during the first quarter valued at approximately $1,100,000. Hedge funds and other institutional investors own 7.43% of the company’s stock.

About OptimumBank

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, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.