FlexShopper, Inc. (NASDAQ:FPAY) Short Interest Update

FlexShopper, Inc. (NASDAQ:FPAY) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 3,000 shares, a growth of 25.0% from the May 31st total of 2,400 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 62,600 shares, the days-to-cover ratio is currently 0.0 days.

FlexShopper Trading Down 2.4 %

NASDAQ FPAY traded down $0.03 during trading on Tuesday, hitting $1.24. The stock had a trading volume of 11,052 shares, compared to its average volume of 55,806. The company has a market capitalization of $26.97 million, a PE ratio of -3.88 and a beta of 1.33. FlexShopper has a twelve month low of $0.75 and a twelve month high of $2.47. The company has a quick ratio of 13.70, a current ratio of 13.70 and a debt-to-equity ratio of 19.16. The firm has a 50 day moving average price of $1.15 and a 200 day moving average price of $1.27.

FlexShopper (NASDAQ:FPAY) last announced its quarterly earnings data on Monday, May 13th. The financial services provider reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $33.95 million during the quarter, compared to analysts’ expectations of $29.30 million. FlexShopper had a negative net margin of 3.51% and a negative return on equity of 58.72%. As a group, equities research analysts forecast that FlexShopper will post -0.08 earnings per share for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $2.50 price target on shares of FlexShopper in a research report on Wednesday, May 15th.

Insider Buying and Selling at FlexShopper

In other FlexShopper news, Director Howard Dvorkin purchased 64,054 shares of the stock in a transaction dated Friday, June 7th. The stock was acquired at an average cost of $1.12 per share, for a total transaction of $71,740.48. Following the acquisition, the director now owns 4,390,299 shares in the company, valued at approximately $4,917,134.88. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders have acquired 201,586 shares of company stock worth $228,170 over the last quarter. 36.70% of the stock is currently owned by company insiders.

Institutional Trading of FlexShopper

An institutional investor recently bought a new position in FlexShopper stock. Heron Bay Capital Management purchased a new position in FlexShopper, Inc. (NASDAQ:FPAY) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,544 shares of the financial services provider’s stock, valued at approximately $43,000. Heron Bay Capital Management owned about 0.13% of FlexShopper as of its most recent SEC filing. 19.41% of the stock is currently owned by hedge funds and other institutional investors.

FlexShopper Company Profile

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.