Short Interest in Opera Limited Sponsored ADR (NASDAQ:OPRA) Decreases By 21.6%

Key Points

• Short interest in Opera fell 21.6% to 1,858,877 shares as of April 15, representing about 13.2% of shares short and a days-to-cover ratio of 4.0.
• Opera reported a Q1 beat and management raised Q2 and full-year revenue and adjusted EBITDA guidance, signaling accelerating profitability and stronger cash generation.
• Analysts hold a consensus Buy rating with an average target of $21.50, while the stock trades around $17.81 and has a market capitalization near $1.6 billion.

Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 1,858,877 shares, a decline of 21.6% from the March 31st total of 2,371,870 shares. Approximately 13.2% of the shares of the stock are short sold. Based on an average trading volume of 466,519 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Trading of Opera

Several hedge funds have recently added to or reduced their stakes in OPRA. Foster Dykema Cabot & Partners LLC acquired a new stake in Opera during the 3rd quarter worth $42,000. Huntington National Bank raised its stake in Opera by 37.8% during the 3rd quarter. Huntington National Bank now owns 3,305 shares of the company's stock worth $68,000 after buying an additional 906 shares during the period. State of Tennessee Department of Treasury acquired a new stake in Opera during the 2nd quarter worth $83,000. Ascentis Independent Advisors acquired a new stake in Opera during the 1st quarter worth $141,000. Finally, Quent Capital LLC acquired a new stake in Opera during the 4th quarter worth $212,000. Institutional investors and hedge funds own 10.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OPRA shares. Zacks Research raised Opera from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. TD Cowen reissued a "buy" rating on shares of Opera in a report on Friday, March 13th. Wall Street Zen downgraded Opera from a "buy" rating to a "hold" rating in a report on Sunday, April 19th. Weiss Ratings reissued a "hold (c)" rating on shares of Opera in a report on Friday, March 27th. Finally, The Goldman Sachs Group reduced their target price on Opera from $24.50 to $21.50 and set a "buy" rating on the stock in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $21.50.

Opera Price Performance

OPRA stock opened at $17.81 on Wednesday. The company has a 50 day moving average price of $14.98 and a 200 day moving average price of $14.34. Opera has a fifty-two week low of $11.71 and a fifty-two week high of $21.06. The stock has a market capitalization of $1.60 billion, a PE ratio of 14.97 and a beta of 1.22.

Opera (NASDAQ:OPRA - Get Free Report) last released its earnings results on Saturday, February 14th. The company reported $0.30 EPS for the quarter. Opera had a net margin of 17.61% and a return on equity of 8.00%. The firm had revenue of $176.65 million during the quarter. As a group, equities analysts expect that Opera will post 1.1 earnings per share for the current fiscal year.

Trending Headlines about Opera

Here are the key news stories impacting Opera this week:

• Positive Sentiment: Q1 results beat expectations: Opera reported $0.34 EPS vs. $0.32 consensus and revenue of $175.8M (up 23% YoY), with adjusted EBITDA of $42.0M (24% margin), both above guidance — evidence of accelerating profitability and strong cash generation. PR Newswire: Opera Reports First Quarter 2026 Results
• Positive Sentiment: Management raised guidance: Q2 revenue guidance of $176–178M (implying ~23–25% growth) and FY revenue guidance to $727–740M with adjusted EBITDA of $170–174M (≈23% margin) — the raise signals confidence in growth and margin expansion. PR Newswire: Guidance Raise
• Positive Sentiment: Market hears the details: Management commentary and the earnings slide deck / call provide follow‑through on the beat and guidance, supporting investor confidence in execution and monetization. Seeking Alpha: Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst/industry signals: IBD highlighted improved relative price strength for the ADR and Zacks continues to list Opera as one of a few internet‑content names benefiting from mobile/digital trends — positive tone but not a direct catalyst. IBD Rating Upgrade Zacks: Industry Note
• Neutral Sentiment: Guidance nuance: while FY guidance was raised, the revenue range overlaps consensus — upside may be more muted vs. a large surprise, so future moves will depend on execution vs. the new targets. Press Release / Slide Deck

About Opera

Opera Limited NASDAQ: OPRA is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.

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