OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Up 30.0% in January

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 39,000 shares, an increase of 30.0% from the January 15th total of 30,000 shares. Based on an average daily volume of 64,200 shares, the short-interest ratio is presently 0.6 days.

OptimumBank Price Performance

Shares of OPHC traded down $0.01 during midday trading on Friday, hitting $4.74. The company’s stock had a trading volume of 17,408 shares, compared to its average volume of 23,394. OptimumBank has a one year low of $3.90 and a one year high of $5.90. The company’s fifty day simple moving average is $4.70 and its two-hundred day simple moving average is $4.71. 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 stock has a market capitalization of $47.83 million, a price-to-earnings ratio of 3.59 and a beta of 0.37.

Analyst Ratings Changes

Separately, StockNews.com began coverage on OptimumBank in a research note on Tuesday, February 11th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On OptimumBank

Hedge funds have recently modified their holdings of the company. Fourthstone LLC acquired a new position in OptimumBank during the 3rd quarter worth about $323,000. Geode Capital Management LLC increased its holdings in shares of OptimumBank by 59.0% in the third 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 during the period. Alliancebernstein L.P. grew its stake in shares of OptimumBank by 20.7% during the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after buying an additional 61,971 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of OptimumBank by 17.1% during the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock worth $650,000 after purchasing an additional 19,971 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of OptimumBank by 4.1% during 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 and hedge funds own 7.43% of the company’s stock.

About OptimumBank

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.