OptimumBank Holdings, Inc. (NASDAQ:OPHC - Get Free Report) was the target of a significant decline in short interest in 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. Based on an average daily trading volume, of 20,600 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company's stock are sold short.
Institutional Investors Weigh In On OptimumBank
Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of OptimumBank by 4.1% in the 4th 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of OptimumBank by 24.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank's stock valued at $118,000 after buying an additional 5,720 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of OptimumBank by 17.1% in the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank's stock valued at $650,000 after buying an additional 19,971 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of OptimumBank by 20.7% in the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank's stock valued at $1,717,000 after buying an additional 61,971 shares in the last quarter. Institutional investors own 7.43% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen began coverage on OptimumBank in a report on Sunday, May 18th. They set a "hold" rating on the stock.
View Our Latest Stock Report on OPHC
OptimumBank Stock Down 3.1%
Shares of OptimumBank stock traded down $0.14 during trading on Friday, hitting $4.41. 5,232 shares of the stock traded hands, compared to its average volume of 33,845. The stock has a market cap of $51.82 million, a P/E ratio of 3.34 and a beta of 0.50. The company has a fifty day moving average price of $4.32 and a two-hundred day moving average price of $4.47. OptimumBank has a twelve month low of $3.53 and a twelve month high of $5.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.
About OptimumBank
(
Get Free Report)
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.
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