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

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 22,600 shares, a decline of 27.3% from the November 15th total of 31,100 shares. Based on an average daily trading volume, of 53,400 shares, the short-interest ratio is presently 0.4 days.

OptimumBank Price Performance

NASDAQ:OPHC traded down $0.04 during mid-day trading on Friday, reaching $4.90. The stock had a trading volume of 12,323 shares, compared to its average volume of 24,547. The stock has a market capitalization of $49.44 million, a P/E ratio of 3.74 and a beta of 0.36. The firm has a 50 day moving average price of $4.81 and a two-hundred day moving average price of $4.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. OptimumBank has a one year low of $3.60 and a one year high of $5.90.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On OptimumBank

A number of hedge funds have recently made changes to their positions in OPHC. Renaissance Technologies LLC lifted its stake in shares of OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after acquiring an additional 9,228 shares during the last quarter. Fourthstone LLC purchased a new position in OptimumBank in the 3rd quarter worth approximately $323,000. Dimensional Fund Advisors LP lifted its position in OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after purchasing an additional 8,960 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of OptimumBank by 59.0% during the third 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 period. 7.43% of the stock is currently owned by institutional investors.

OptimumBank Company Profile

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.