Oportun Financial Co. (NASDAQ:OPRT) Short Interest Update

Oportun Financial Co. (NASDAQ:OPRT) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 160,600 shares, a growth of 31.9% from the February 13th total of 121,800 shares. Based on an average trading volume of 464,300 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Trading of Oportun Financial

Several institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in Oportun Financial during the fourth quarter valued at about $79,000. Two Sigma Investments LP raised its stake in shares of Oportun Financial by 10.7% during the fourth quarter. Two Sigma Investments LP now owns 312,561 shares of the company’s stock valued at $1,213,000 after acquiring an additional 30,201 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Oportun Financial by 11.7% during the fourth quarter. Two Sigma Advisers LP now owns 508,500 shares of the company’s stock valued at $1,973,000 after acquiring an additional 53,400 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Oportun Financial during the fourth quarter valued at about $121,000. Finally, Millennium Management LLC raised its stake in shares of Oportun Financial by 7.4% during the fourth quarter. Millennium Management LLC now owns 1,502,970 shares of the company’s stock valued at $5,832,000 after acquiring an additional 104,186 shares during the last quarter. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Price Performance

NASDAQ OPRT traded down $0.26 during trading on Tuesday, hitting $5.54. 304,930 shares of the company’s stock traded hands, compared to its average volume of 295,570. The stock has a fifty day moving average of $5.50 and a two-hundred day moving average of $3.99. Oportun Financial has a 12-month low of $2.05 and a 12-month high of $9.25. The firm has a market cap of $200.00 million, a P/E ratio of -2.75 and a beta of 1.13.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. Oportun Financial had a negative net margin of 7.86% and a positive return on equity of 5.49%. As a group, analysts expect that Oportun Financial will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OPRT. BTIG Research began coverage on shares of Oportun Financial in a research report on Wednesday, March 5th. They issued a “buy” rating and a $10.00 target price for the company. JMP Securities reiterated a “market perform” rating on shares of Oportun Financial in a research report on Friday, February 14th.

Oportun Financial Company Profile

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.