OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Down 59.8% in September

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 3,300 shares, a decline of 59.8% from the September 15th total of 8,200 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 78,200 shares, the days-to-cover ratio is currently 0.0 days.

NASDAQ:OPHC opened at $5.06 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50-day simple moving average is $5.00 and its 200 day simple moving average is $4.63. The company has a market cap of $22.14 million, a P/E ratio of 23.35 and a beta of 1.14. OptimumBank has a 52-week low of $2.66 and a 52-week high of $7.27.

OptimumBank (NASDAQ:OPHC) last released its earnings results on Wednesday, August 11th. The bank reported $0.14 earnings per share (EPS) for the quarter. OptimumBank had a return on equity of 3.24% and a net margin of 7.82%. The business had revenue of $2.36 million for the quarter.

A number of institutional investors have recently bought and sold shares of OPHC. Renaissance Technologies LLC grew its holdings in OptimumBank by 188.8% during the first quarter. Renaissance Technologies LLC now owns 108,600 shares of the bank’s stock worth $420,000 after purchasing an additional 71,000 shares during the period. Stifel Financial Corp bought a new position in OptimumBank during the first quarter worth about $39,000. Warberg Asset Management LLC grew its holdings in OptimumBank by 17.7% during the first quarter. Warberg Asset Management LLC now owns 42,623 shares of the bank’s stock worth $165,000 after purchasing an additional 6,410 shares during the period. MYDA Advisors LLC bought a new position in OptimumBank during the second quarter worth about $89,000. Finally, Citadel Advisors LLC bought a new position in OptimumBank during the second quarter worth about $67,000. Institutional investors and hedge funds own 5.36% of the company’s stock.

OptimumBank Company Profile

OptimumBank Holdings, Inc is a bank holding company for OptimumBank, which offers a variety of community banking services to individual and corporate customers through OptimumBank. Its services include savings, deposits, checking, cash management services, business checking, online banking, and ATM networks.

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