OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Down 50.3% in March

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 16,900 shares, a decrease of 50.3% from the February 28th total of 34,000 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 38,900 shares, the short-interest ratio is presently 0.4 days.

OptimumBank Stock Performance

OPHC traded up $0.01 on Friday, hitting $4.17. The company’s stock had a trading volume of 2,403 shares, compared to its average volume of 32,680. OptimumBank has a 12 month low of $4.00 and a 12 month high of $5.90. The firm has a market cap of $49.00 million, a P/E ratio of 3.16 and a beta of 0.36. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The company’s 50 day simple moving average is $4.47 and its 200-day simple moving average is $4.65.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on OptimumBank in a report on Friday, March 21st. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OPHC. Fourthstone LLC purchased a new stake in shares of OptimumBank in the third quarter worth about $323,000. Alliancebernstein L.P. increased its holdings in OptimumBank by 20.7% during the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock worth $1,717,000 after acquiring an additional 61,971 shares during the period. Geode Capital Management LLC lifted its stake in OptimumBank by 59.0% in the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after purchasing an additional 30,202 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of OptimumBank by 17.1% during 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. Finally, Dimensional Fund Advisors LP increased its holdings in shares of OptimumBank by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after purchasing an additional 2,611 shares during the period. Institutional investors own 7.43% of the company’s 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.