FlexShopper, Inc. (NASDAQ:FPAY) Short Interest Down 88.4% in January

FlexShopper, Inc. (NASDAQ:FPAY) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 50,900 shares, a decrease of 88.4% from the December 31st total of 437,900 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 226,500 shares, the days-to-cover ratio is presently 0.2 days.

FlexShopper Price Performance

Shares of FPAY traded up $0.07 during mid-day trading on Wednesday, reaching $1.41. The stock had a trading volume of 130,776 shares, compared to its average volume of 455,081. The business has a fifty day moving average of $1.74 and a 200 day moving average of $1.37. The company has a debt-to-equity ratio of 19.65, a quick ratio of 7.98 and a current ratio of 7.98. The firm has a market cap of $30.26 million, a price-to-earnings ratio of -8.29 and a beta of 1.43. FlexShopper has a 12 month low of $0.97 and a 12 month high of $2.37.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Maxim Group raised their target price on FlexShopper from $2.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, November 15th. HC Wainwright reaffirmed a “buy” rating and issued a $2.50 price objective on shares of FlexShopper in a research note on Tuesday, December 24th.

Insider Activity at FlexShopper

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

Institutional Investors Weigh In On FlexShopper

A number of institutional investors have recently bought and sold shares of FPAY. Renaissance Technologies LLC grew its stake in 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 acquiring an additional 50,847 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of 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. Traphagen Investment Advisors LLC purchased a new position in shares of FlexShopper during the fourth quarter valued at about $30,000. Waterfall Asset Management LLC bought a new stake in shares of FlexShopper in the third quarter worth about $1,678,000. Finally, Perigon Wealth Management LLC purchased a new position in FlexShopper during the 4th quarter valued at approximately $163,000. Hedge funds and other institutional investors own 19.41% of the company’s stock.

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.