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

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 3,300 shares, an increase of 230.0% from the August 30th total of 1,000 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 19,200 shares, the short-interest ratio is presently 0.2 days.

Separately, ValuEngine upgraded shares of OptimumBank from a “hold” rating to a “buy” rating in a research note on Friday, August 16th.

NASDAQ:OPHC opened at $3.24 on Friday. The company has a fifty day simple moving average of $3.03 and a two-hundred day simple moving average of $3.46. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.09 and a current ratio of 1.09. OptimumBank has a 52 week low of $2.12 and a 52 week high of $5.94.

OptimumBank (NASDAQ:OPHC) last released its quarterly earnings data on Wednesday, August 14th. The bank reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $0.84 million for the quarter. OptimumBank had a negative return on equity of 26.26% and a negative net margin of 28.88%.

A hedge fund recently bought a new stake in OptimumBank stock. Citadel Advisors LLC purchased a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,324 shares of the bank’s stock, valued at approximately $47,000. Citadel Advisors LLC owned about 0.69% of OptimumBank at the end of the most recent reporting period. Institutional investors and hedge funds own 0.75% of the company’s stock.

About OptimumBank

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides a range of consumer and commercial banking services to individuals and businesses. The company accepts demand interest-bearing and noninterest-bearing, savings, money market, NOW, and time deposit accounts, as well as certificates of deposit; and offers residential and commercial real estate, commercial, and consumer loans, as well as lending lines for working capital needs.

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