Offerpad Solutions Inc. (NYSE:OPAD) Sees Significant Increase in Short Interest

Key Points

• Offerpad Solutions Inc. experienced a significant increase in short interest, rising by 176.5% in August, with 29.2% of its shares sold short as of August 31st.
• Wall Street analysts rate Offerpad shares as a "Hold" with an average price target of $2.41, while the stock is currently trading down 14% at $4.30.
• The company reported a quarterly loss of ($0.40) per share, missing estimates and indicating a challenging financial outlook with a projected -2.16 EPS for the current fiscal year.

Offerpad Solutions Inc. (NYSE:OPAD - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,950,000 shares, an increase of 176.5% from the August 15th total of 1,790,000 shares. Currently, 29.2% of the shares of the company are sold short. Based on an average daily volume of 7,910,000 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 7,910,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 29.2% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OPAD shares. Wall Street Zen raised shares of Offerpad Solutions to a "sell" rating in a report on Friday, August 22nd. Keefe, Bruyette & Woods upped their price target on Offerpad Solutions from $1.00 to $1.15 and gave the company a "market perform" rating in a research report on Tuesday, August 12th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $2.41.

Institutional Trading of Offerpad Solutions

A number of institutional investors have recently made changes to their positions in OPAD. XTX Topco Ltd purchased a new stake in shares of Offerpad Solutions during the first quarter valued at approximately $32,000. Jane Street Group LLC purchased a new stake in Offerpad Solutions in the fourth quarter worth $34,000. AQR Capital Management LLC lifted its stake in Offerpad Solutions by 69.6% in the first quarter. AQR Capital Management LLC now owns 24,308 shares of the company's stock worth $40,000 after acquiring an additional 9,979 shares during the period. Deutsche Bank AG purchased a new stake in Offerpad Solutions in the fourth quarter worth $111,000. Finally, Northern Trust Corp lifted its stake in Offerpad Solutions by 22.1% in the fourth quarter. Northern Trust Corp now owns 95,866 shares of the company's stock worth $273,000 after acquiring an additional 17,322 shares during the period. Hedge funds and other institutional investors own 39.44% of the company's stock.

Offerpad Solutions Stock Down 14.0%

Shares of OPAD stock traded down $0.70 during trading on Friday, hitting $4.30. The company had a trading volume of 8,556,657 shares, compared to its average volume of 24,403,534. The stock's 50-day moving average is $2.47 and its two-hundred day moving average is $1.72. The stock has a market capitalization of $131.49 million, a price-to-earnings ratio of -2.09 and a beta of 2.40. Offerpad Solutions has a 52 week low of $0.91 and a 52 week high of $6.35.

Offerpad Solutions (NYSE:OPAD - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.01). Offerpad Solutions had a negative return on equity of 132.77% and a negative net margin of 8.08%.The company had revenue of $160.30 million during the quarter, compared to the consensus estimate of $178.91 million. Offerpad Solutions has set its Q3 2025 guidance at EPS. On average, research analysts predict that Offerpad Solutions will post -2.16 EPS for the current fiscal year.

About Offerpad Solutions

Offerpad Solutions Inc, together with its subsidiaries, provides technology-enabled solutions for residential real estate market in the United States. It operates iBuying, a real estate solutions platform for on-demand customer that provides home buyers the opportunity to browse and tour homes online.

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