Short Interest in FlexShopper, Inc. (NASDAQ:FPAY) Increases By 6.4%

FlexShopper, Inc. (NASDAQ:FPAY) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 437,900 shares, a growth of 6.4% from the November 30th total of 411,400 shares. Based on an average daily trading volume, of 144,600 shares, the short-interest ratio is presently 3.0 days. Currently, 3.8% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FPAY shares. Maxim Group boosted their price objective on shares of FlexShopper from $2.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, November 15th. HC Wainwright restated a “buy” rating and set a $2.50 price target on shares of FlexShopper in a research report on Tuesday, December 24th.

Insider Transactions at FlexShopper

In other news, CEO Harold Russell Jr. Heiser bought 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of $1.45 per share, for a total transaction of $43,500.00. Following the transaction, the chief executive officer now directly owns 969,874 shares of the company’s stock, valued at $1,406,317.30. This represents a 3.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 30.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FPAY. Insigneo Advisory Services LLC raised its position in FlexShopper by 33.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 15,000 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of FlexShopper by 30.0% during the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock valued at $282,000 after buying an additional 50,847 shares during the period. Finally, Waterfall Asset Management LLC bought a new position in shares of FlexShopper during the third quarter valued at approximately $1,678,000. Institutional investors own 19.41% of the company’s stock.

FlexShopper Price Performance

Shares of FlexShopper stock opened at $1.71 on Thursday. The company has a debt-to-equity ratio of 19.65, a current ratio of 7.98 and a quick ratio of 7.98. FlexShopper has a one year low of $0.97 and a one year high of $2.19. The business’s 50 day simple moving average is $1.61 and its two-hundred day simple moving average is $1.31. The stock has a market capitalization of $36.70 million, a P/E ratio of -10.06 and a beta of 1.43.

FlexShopper Company Profile

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.