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

FlexShopper, Inc. (NASDAQ:FPAY) was the recipient of a significant increase in short interest during 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. Based on an average daily trading volume, of 237,600 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.7% of the company’s stock are short sold.

Insider Activity

In other FlexShopper news, CEO Harold Russell Jr. Heiser purchased 30,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $1.45 per share, with a total value of $43,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 969,874 shares in the company, valued at $1,406,317.30. This trade represents a 3.19 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 30.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Traphagen Investment Advisors LLC purchased a new stake in shares of FlexShopper during the 4th quarter valued at about $30,000. Virtu Financial LLC bought a new stake in FlexShopper during the fourth quarter valued at approximately $30,000. Heron Bay Capital Management purchased a new stake in FlexShopper during the fourth quarter valued at approximately $56,000. Insigneo Advisory Services LLC increased its holdings in FlexShopper by 33.3% during the third quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock valued at $62,000 after buying an additional 15,000 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in FlexShopper in the fourth quarter worth approximately $109,000. 19.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. HC Wainwright restated a “buy” rating and set a $2.50 target price on shares of FlexShopper in a research note on Tuesday, December 24th. Maxim Group increased their price objective on shares of FlexShopper from $2.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, November 15th.

FlexShopper Stock Performance

Shares of FPAY opened at $1.47 on Wednesday. The firm has a market capitalization of $31.55 million, a P/E ratio of -8.65 and a beta of 1.54. 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 $2.37. The business has a fifty day moving average of $1.60 and a 200 day moving average of $1.45.

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.