OptimumBank Holdings, Inc. (NASDAQ:OPHC) Sees Large Decline in Short Interest

OptimumBank Holdings, Inc. (NASDAQ:OPHC - Get Free Report) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 6,900 shares, a decline of 80.2% from the May 15th total of 34,900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 20,600 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on shares of OptimumBank in a report on Sunday, May 18th. They set a "hold" rating for the company.

OptimumBank Stock Performance

Shares of NASDAQ OPHC remained flat at $4.55 during mid-day trading on Thursday. The company had a trading volume of 5,408 shares, compared to its average volume of 33,724. The business has a fifty day moving average price of $4.31 and a 200-day moving average price of $4.47. The stock has a market capitalization of $53.47 million, a PE ratio of 3.45 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. OptimumBank has a twelve month low of $3.53 and a twelve month high of $5.90.

Hedge Funds Weigh In On OptimumBank

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in OptimumBank by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank's stock valued at $315,000 after buying an additional 2,611 shares during the period. Renaissance Technologies LLC increased its holdings in shares of OptimumBank by 17.1% during the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank's stock valued at $650,000 after acquiring an additional 19,971 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of OptimumBank by 20.7% in the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank's stock valued at $1,717,000 after purchasing an additional 61,971 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in OptimumBank by 24.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank's stock worth $118,000 after acquiring an additional 5,720 shares during the period. Hedge funds and other institutional investors own 7.43% of the company's stock.

OptimumBank Company Profile

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.