OptimumBank Holdings, Inc. (NASDAQ:OPHC) Sees Large Decrease in Short Interest

OptimumBank Holdings, Inc. (NASDAQ:OPHC) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 30,000 shares, a decline of 26.5% from the December 31st total of 40,800 shares. Based on an average daily trading volume, of 59,700 shares, the days-to-cover ratio is presently 0.5 days.

OptimumBank Trading Up 0.1 %

Shares of NASDAQ:OPHC opened at $4.60 on Friday. The company has a market capitalization of $46.36 million, a PE ratio of 3.48 and a beta of 0.37. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a 12-month low of $3.89 and a 12-month high of $5.90. The business’s fifty day simple moving average is $4.76 and its 200-day simple moving average is $4.69.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of OptimumBank in a research note on Sunday, January 5th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On OptimumBank

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of OptimumBank by 59.0% in the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after purchasing an additional 30,202 shares during the last quarter. Fourthstone LLC purchased a new position in shares of OptimumBank in the third quarter worth $323,000. Renaissance Technologies LLC lifted its stake in shares of OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after buying an additional 9,228 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings 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 valued at $112,000 after buying an additional 8,960 shares during the last quarter. Institutional investors and hedge funds 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.