FlexShopper, Inc. (NASDAQ:FPAY) Short Interest Up 42.9% in February

FlexShopper, Inc. (NASDAQ:FPAY) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 135,600 shares, an increase of 42.9% from the January 31st total of 94,900 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 237,600 shares, the short-interest ratio is presently 0.6 days.

FlexShopper Stock Up 3.5 %

FlexShopper stock traded up $0.05 during trading hours on Tuesday, hitting $1.47. 141,928 shares of the stock traded hands, compared to its average volume of 284,018. The company has a current ratio of 7.98, a quick ratio of 7.98 and a debt-to-equity ratio of 19.65. The firm’s 50-day moving average price is $1.60 and its two-hundred day moving average price is $1.45. FlexShopper has a one year low of $0.97 and a one year high of $2.37. The company has a market cap of $31.55 million, a PE ratio of -8.65 and a beta of 1.54.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FPAY. HC Wainwright reaffirmed a “buy” rating and set a $2.50 price objective on shares of FlexShopper in a research report on Tuesday, December 24th. Maxim Group lifted their price objective on FlexShopper from $2.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, November 15th.

Insider Activity at FlexShopper

In other news, CEO Harold Russell Jr. Heiser acquired 30,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average cost of $1.45 per share, with a total value of $43,500.00. Following the transaction, the chief executive officer now owns 969,874 shares in the company, valued at $1,406,317.30. The trade was a 3.19 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 30.20% of the stock is owned by company insiders.

Institutional Trading of FlexShopper

A number of hedge funds have recently made changes to their positions in the stock. Insigneo Advisory Services LLC boosted its position in shares of FlexShopper by 33.3% in the 3rd quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 15,000 shares in the last quarter. Traphagen Investment Advisors LLC bought a new stake in shares of FlexShopper in the 4th quarter worth approximately $30,000. Virtu Financial LLC bought a new stake in shares of FlexShopper in the 4th quarter worth approximately $30,000. Heron Bay Capital Management bought a new stake in shares of FlexShopper in the 4th quarter worth approximately $56,000. Finally, Citadel Advisors LLC bought a new stake in shares of FlexShopper in the 4th quarter worth approximately $109,000. 19.41% of the stock is owned by institutional investors.

About FlexShopper

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.