OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Update

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

Hedge Funds Weigh In On OptimumBank

Hedge funds have recently made changes to their positions in the business. Alliancebernstein L.P. increased its holdings in 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 purchasing an additional 61,971 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of OptimumBank by 17.1% in 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of OptimumBank by 4.1% during 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 during the period. Finally, Goldman Sachs Group Inc. lifted its position in OptimumBank by 24.8% during 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 in the last quarter. Hedge funds and other institutional investors own 7.43% of the company's stock.

OptimumBank Trading Down 0.9%

Shares of OptimumBank stock traded down $0.04 during trading hours on Tuesday, reaching $4.36. The stock had a trading volume of 9,979 shares, compared to its average volume of 34,026. The company has a current ratio of 1.12, a quick 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 $51.23 million, a price-to-earnings ratio of 3.30 and a beta of 0.46. The firm has a 50 day simple moving average of $4.23 and a two-hundred day simple moving average of $4.49.

Analyst Ratings Changes

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

About OptimumBank

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.