OppFi Inc. (NYSE:OPFI) Short Interest Update

OppFi Inc. (NYSE:OPFI) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 2,490,000 shares, a growth of 23.3% from the December 15th total of 2,020,000 shares. Currently, 12.7% of the company’s shares are sold short. Based on an average daily trading volume, of 640,100 shares, the days-to-cover ratio is currently 3.9 days.

OppFi Price Performance

NYSE OPFI traded down $0.23 on Friday, reaching $11.03. The company had a trading volume of 2,472,407 shares, compared to its average volume of 761,301. The firm has a market capitalization of $950.72 million, a PE ratio of 68.93 and a beta of 1.45. The firm has a 50-day moving average of $7.82 and a 200-day moving average of $5.63. OppFi has a 1 year low of $2.35 and a 1 year high of $12.08.

Wall Street Analyst Weigh In

Separately, Northland Securities boosted their price objective on OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th.

Insider Buying and Selling

In other OppFi news, Director David Vennettilli sold 100,000 shares of OppFi stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $6.45, for a total transaction of $645,000.00. Following the transaction, the director now directly owns 143,825 shares of the company’s stock, valued at $927,671.25. The trade was a 41.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jocelyn Moore sold 23,149 shares of the business’s 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 represents a 18.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,450 shares of company stock valued at $971,370. 84.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OPFI. Quadrature Capital Ltd acquired a new stake in OppFi during the 3rd quarter valued at $60,000. Brendel Financial Advisors LLC purchased a new position in OppFi in the 3rd quarter valued at about $105,000. Jane Street Group LLC grew its stake in shares of OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after acquiring an additional 5,795 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of OppFi by 120.5% during the second quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after acquiring an additional 20,048 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of OppFi during the third quarter worth about $136,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

About OppFi

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.