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

Key Points

• Offerpad Solutions Inc. experienced a significant 30.7% increase in short interest in August, totaling 1,790,000 shares, with a days-to-cover ratio of 0.4 days.
• Institutional investors now own 39.44% of Offerpad Solutions' stock, with notable acquisitions from firms such as AQR Capital Management and Deutsche Bank AG.
• Research analysts have a consensus rating of "Hold" for Offerpad Solutions, with an average price target set at $2.41.

Offerpad Solutions Inc. (NYSE:OPAD - Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 1,790,000 shares, a growth of 30.7% from the July 31st total of 1,370,000 shares. Approximately 10.6% of the company's shares are sold short. Based on an average daily volume of 4,390,000 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 4,390,000 shares, the short-interest ratio is currently 0.4 days. Approximately 10.6% of the company's shares are sold short.

Offerpad Solutions Stock Down 14.0%

OPAD traded down $0.70 during trading on Friday, reaching $4.30. 8,556,657 shares of the stock traded hands, compared to its average volume of 24,403,534. The stock has a market capitalization of $131.49 million, a PE ratio of -2.09 and a beta of 2.40. The stock's 50-day moving average is $2.47 and its 200 day moving average is $1.72. Offerpad Solutions has a 12 month low of $0.91 and a 12 month high of $6.35.

Offerpad Solutions (NYSE:OPAD - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.01). The firm had revenue of $160.30 million for the quarter, compared to the consensus estimate of $178.91 million. Offerpad Solutions had a negative net margin of 8.08% and a negative return on equity of 132.77%. Offerpad Solutions has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Offerpad Solutions will post -2.16 EPS for the current year.

Institutional Trading of Offerpad Solutions

Institutional investors have recently bought and sold shares of the company. Ieq Capital LLC bought a new position in shares of Offerpad Solutions during the 1st quarter worth about $353,000. Northern Trust Corp grew its stake in shares of Offerpad Solutions by 22.1% in the 4th quarter. Northern Trust Corp now owns 95,866 shares of the company's stock valued at $273,000 after buying an additional 17,322 shares during the period. Jane Street Group LLC acquired a new stake in shares of Offerpad Solutions in the 2nd quarter valued at about $44,000. Deutsche Bank AG acquired a new stake in shares of Offerpad Solutions in the 4th quarter valued at about $111,000. Finally, AQR Capital Management LLC grew its stake in shares of 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 buying an additional 9,979 shares during the period. Institutional investors own 39.44% of the company's stock.

Analyst Upgrades and Downgrades

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

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.