Short Interest in OptimumBank Holdings, Inc. (NASDAQ:OPHC) Expands By 125.2%

OptimumBank Holdings, Inc. (NASDAQ:OPHC - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 34,900 shares, a growth of 125.2% from the April 30th total of 15,500 shares. Approximately 0.4% of the company's shares are short sold. Based on an average daily volume of 26,300 shares, the short-interest ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on OptimumBank in a research note on Sunday, May 18th. They issued a "hold" rating on the stock.

Institutional Investors Weigh In On OptimumBank

Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of OptimumBank by 24.8% during the first quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank's stock valued at $118,000 after purchasing an additional 5,720 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of OptimumBank by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank's stock worth $315,000 after purchasing an additional 2,611 shares in the last quarter. Renaissance Technologies LLC boosted its stake in OptimumBank by 17.1% during the fourth 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 during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in OptimumBank by 20.7% during the fourth 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 during the last quarter. 7.43% of the stock is currently owned by institutional investors.

OptimumBank Trading Down 1.1%

Shares of OPHC traded down $0.05 during mid-day trading on Friday, hitting $4.40. 11,252 shares of the company's stock traded hands, compared to its average volume of 34,179. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a 1 year low of $3.53 and a 1 year high of $5.90. The firm has a market capitalization of $51.70 million, a P/E ratio of 3.33 and a beta of 0.46. The business's 50-day moving average price is $4.22 and its 200-day moving average price is $4.50.

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.