OppFi Inc. (NYSE:OPFI) Short Interest Update

OppFi Inc. (NYSE:OPFI) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,630,000 shares, an increase of 24.4% from the October 31st total of 1,310,000 shares. Based on an average daily volume of 347,500 shares, the days-to-cover ratio is presently 4.7 days. Currently, 8.6% of the company’s stock are short sold.

Insiders Place Their Bets

In related news, Director Jocelyn Moore sold 23,149 shares of OppFi stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $6.70, for a total transaction of $155,098.30. Following the sale, the director now owns 99,072 shares of the company’s stock, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Vennettilli sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $6.45, for a total value of $645,000.00. Following the sale, the director now directly owns 143,825 shares in the company, valued at $927,671.25. This trade represents a 41.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 84.00% of the stock is owned by corporate insiders.

Institutional Trading of OppFi

A number of institutional investors have recently made changes to their positions in OPFI. Barclays PLC raised its holdings in shares of OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after buying an additional 20,630 shares during the period. Geode Capital Management LLC raised its stake in OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after acquiring an additional 18,149 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of OppFi during the 3rd quarter worth approximately $136,000. Jane Street Group LLC raised its stake in shares of OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after buying an additional 5,795 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of OppFi in the 3rd quarter worth approximately $60,000. 7.10% of the stock is owned by institutional investors and hedge funds.

OppFi Stock Down 5.8 %

Shares of NYSE:OPFI traded down $0.47 during trading on Monday, hitting $7.69. The stock had a trading volume of 830,035 shares, compared to its average volume of 300,229. The stock has a 50-day simple moving average of $5.71 and a two-hundred day simple moving average of $4.48. The stock has a market capitalization of $662.99 million, a price-to-earnings ratio of 48.00 and a beta of 1.20. OppFi has a 12-month low of $2.35 and a 12-month high of $8.54.

Wall Street Analysts Forecast Growth

Separately, Northland Securities upped their price objective on OppFi from $6.00 to $8.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

OppFi Company Profile

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.