OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Up 23.1% in February

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 short-interest ratio is presently 0.9 days.

Institutional Trading of OptimumBank

Several large investors have recently made changes to their positions in the business. Alliancebernstein L.P. raised its position in OptimumBank by 20.7% in the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after purchasing an additional 61,971 shares during the period. Renaissance Technologies LLC increased its stake in 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 buying an additional 19,971 shares during the period. Geode Capital Management LLC grew its holdings in OptimumBank by 59.0% during the third quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after acquiring an additional 30,202 shares during the period. Fourthstone LLC acquired a new position in OptimumBank during the third quarter worth about $323,000. Finally, Dimensional Fund Advisors LP raised 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 acquiring an additional 2,611 shares during the last quarter. 7.43% of the stock is owned by hedge funds and other institutional investors.

OptimumBank Stock Up 0.9 %

Shares of OPHC traded up $0.04 during midday trading on Friday, reaching $4.32. 2,962 shares of the stock were exchanged, compared to its average volume of 31,293. OptimumBank has a 52 week low of $4.00 and a 52 week high of $5.90. The company’s 50 day moving average is $4.59 and its two-hundred day moving average is $4.69. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $50.76 million, a P/E ratio of 3.27 and a beta of 0.37.

Analyst Ratings Changes

Separately, StockNews.com started coverage on OptimumBank in a research report on Wednesday. They set 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.