Offerpad Solutions Inc. (NYSE:OPAD) Sees Large Growth 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 recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,950,000 shares, a growth of 176.5% from the August 15th total of 1,790,000 shares. Approximately 29.2% of the shares of the stock are sold short. Based on an average trading volume of 7,910,000 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 7,910,000 shares, the days-to-cover ratio is presently 0.6 days. Approximately 29.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

OPAD has been the topic of a number of analyst reports. Wall Street Zen raised shares of Offerpad Solutions to a "sell" rating in a report on Friday, August 22nd. Keefe, Bruyette & Woods raised their target price on shares of Offerpad Solutions from $1.00 to $1.15 and gave the stock a "market perform" rating in a report on Tuesday, August 12th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $2.41.

Offerpad Solutions Trading Down 8.4%

Shares of OPAD traded down $0.39 during midday trading on Thursday, reaching $4.25. 5,457,875 shares of the stock were exchanged, compared to its average volume of 3,350,614. The company's 50 day moving average is $2.65 and its two-hundred day moving average is $1.77. Offerpad Solutions has a 52 week low of $0.91 and a 52 week high of $6.35. The company has a market capitalization of $129.97 million, a P/E ratio of -2.06 and a beta of 2.40.

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

Institutional Investors Weigh In On Offerpad Solutions

Several institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Offerpad Solutions during the 1st quarter worth about $32,000. Jane Street Group LLC purchased a new position in Offerpad Solutions in the 4th quarter valued at approximately $34,000. AQR Capital Management LLC increased its stake in Offerpad Solutions by 69.6% in the 1st quarter. AQR Capital Management LLC now owns 24,308 shares of the company's stock valued at $40,000 after purchasing an additional 9,979 shares in the last quarter. Deutsche Bank AG purchased a new position in Offerpad Solutions during the fourth quarter worth $111,000. Finally, Northern Trust Corp boosted its holdings in shares of Offerpad Solutions by 22.1% during the fourth quarter. Northern Trust Corp now owns 95,866 shares of the company's stock worth $273,000 after purchasing an additional 17,322 shares during the last quarter. Hedge funds and other institutional investors own 39.44% of the company's stock.

Offerpad Solutions Company Profile

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.