OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Down 50.3% in March

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 16,900 shares, a decrease of 50.3% from the February 28th total of 34,000 shares. Based on an average trading volume of 38,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

OptimumBank Price Performance

OPHC traded up $0.01 during midday trading on Friday, hitting $4.17. The stock had a trading volume of 2,403 shares, compared to its average volume of 32,680. OptimumBank has a 1 year low of $4.00 and a 1 year high of $5.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. The business has a fifty day moving average of $4.47 and a 200 day moving average of $4.65. The company has a market cap of $49.00 million, a P/E ratio of 3.16 and a beta of 0.36.

Analyst Ratings Changes

Separately, StockNews.com started coverage on OptimumBank in a research note on Friday, March 21st. They set a “hold” rating for the company.

Institutional Investors Weigh In On OptimumBank

A number of institutional investors have recently made changes to their positions in OPHC. Fourthstone LLC bought a new stake in OptimumBank in the third quarter worth $323,000. Geode Capital Management LLC grew its stake in shares of OptimumBank by 59.0% during the third quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after buying an additional 30,202 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of OptimumBank by 20.7% in the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock worth $1,717,000 after buying an additional 61,971 shares during the period. Renaissance Technologies LLC lifted its stake in shares of OptimumBank by 17.1% in the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after acquiring an additional 19,971 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 2,611 shares during the period. Hedge funds and other institutional investors own 7.43% of the company’s stock.

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.