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

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 48,000 shares, a growth of 23.1% from the January 31st total of 39,000 shares. Based on an average daily volume of 54,000 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of OptimumBank

Several hedge funds and other institutional investors have recently bought and sold shares of OPHC. Alliancebernstein L.P. increased its holdings in shares of OptimumBank by 20.7% during the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock worth $1,717,000 after purchasing an additional 61,971 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of OptimumBank by 17.1% in the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after purchasing an additional 19,971 shares in the last quarter. Geode Capital Management LLC increased its stake 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 acquired a new position in shares of OptimumBank during the 3rd quarter worth $323,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of OptimumBank by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after buying an additional 2,611 shares during the last quarter. Institutional investors and hedge funds own 7.43% of the company’s stock.

OptimumBank Stock Performance

NASDAQ OPHC traded up $0.01 on Thursday, reaching $4.26. The stock had a trading volume of 2,523 shares, compared to its average volume of 31,281. The firm has a fifty day moving average of $4.60 and a two-hundred day moving average of $4.69. The company has a market cap of $50.07 million, a P/E ratio of 3.23 and a beta of 0.37. OptimumBank has a 1-year low of $4.00 and a 1-year high of $5.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of OptimumBank in a report on Wednesday. They issued a “hold” rating on the stock.

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.