Short Interest in Offerpad Solutions Inc. (NYSE:OPAD) Expands By 30.7%

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) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 1,790,000 shares, an increase of 30.7% from the July 31st total of 1,370,000 shares. Approximately 10.6% of the shares of the company are short sold. Based on an average daily trading volume, of 4,390,000 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 4,390,000 shares, the short-interest ratio is currently 0.4 days. Approximately 10.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OPAD. Keefe, Bruyette & Woods lifted their price objective on Offerpad Solutions from $1.00 to $1.15 and gave the stock a "market perform" rating in a report on Tuesday, August 12th. Wall Street Zen raised 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 MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $2.41.

Offerpad Solutions Stock Down 14.0%

OPAD traded down $0.70 during trading on Friday, hitting $4.30. The company's stock had a trading volume of 8,556,657 shares, compared to its average volume of 24,403,534. The firm's 50 day moving average price is $2.47 and its two-hundred day moving average price is $1.72. Offerpad Solutions has a 12 month low of $0.91 and a 12 month high of $6.35. The stock has a market capitalization of $131.51 million, a price-to-earnings ratio of -2.09 and a beta of 2.40.

Offerpad Solutions (NYSE:OPAD - Get Free Report) last issued 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). Offerpad Solutions had a negative net margin of 8.08% and a negative return on equity of 132.77%. The business 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, sell-side analysts forecast that Offerpad Solutions will post -2.16 earnings per share for the current year.

Institutional Investors Weigh In On Offerpad Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in OPAD. Northern Trust Corp raised its position 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 acquiring an additional 17,322 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Offerpad Solutions during the fourth quarter worth $34,000. Deutsche Bank AG bought a new stake in shares of Offerpad Solutions during the fourth quarter worth $111,000. XTX Topco Ltd bought a new stake in shares of Offerpad Solutions during the first quarter worth $32,000. Finally, Ieq Capital LLC bought a new stake in Offerpad Solutions in the first quarter valued at about $353,000. Institutional investors own 39.44% of the company's stock.

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.