FlexShopper, Inc. (NASDAQ:FPAY) Short Interest Down 88.4% in January

FlexShopper, Inc. (NASDAQ:FPAY) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 50,900 shares, a decline of 88.4% from the December 31st total of 437,900 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 226,500 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several equities analysts have recently commented on FPAY shares. HC Wainwright restated a “buy” rating and set a $2.50 price target on shares of FlexShopper in a report on Tuesday, December 24th. Maxim Group upped their price objective on shares of FlexShopper from $2.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, November 15th.

FlexShopper Stock Down 0.7 %

Shares of NASDAQ:FPAY traded down $0.01 during midday trading on Tuesday, reaching $1.34. 153,449 shares of the company were exchanged, compared to its average volume of 474,154. The stock has a fifty day simple moving average of $1.74 and a two-hundred day simple moving average of $1.37. The company has a quick ratio of 7.98, a current ratio of 7.98 and a debt-to-equity ratio of 19.65. FlexShopper has a fifty-two week low of $0.97 and a fifty-two week high of $2.37. The firm has a market cap of $28.76 million, a PE ratio of -7.88 and a beta of 1.43.

Insider Buying and Selling at FlexShopper

In related news, CEO Harold Russell Jr. Heiser purchased 30,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $1.45 per share, with a total value of $43,500.00. Following the completion of the acquisition, the chief executive officer now owns 969,874 shares of the company’s stock, valued at approximately $1,406,317.30. This represents a 3.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 30.20% of the stock is currently owned by insiders.

Institutional Trading of FlexShopper

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Traphagen Investment Advisors LLC acquired a new stake in shares of FlexShopper in the fourth quarter valued at approximately $30,000. Insigneo Advisory Services LLC increased its stake in FlexShopper by 33.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 15,000 shares during the period. Perigon Wealth Management LLC bought a new position in FlexShopper during the 4th quarter worth $163,000. Renaissance Technologies LLC increased its stake in shares of FlexShopper by 30.0% in the 2nd quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 50,847 shares during the last quarter. Finally, Waterfall Asset Management LLC bought a new position in shares of FlexShopper in the 3rd quarter valued at $1,678,000. Institutional investors and hedge funds own 19.41% of the company’s stock.

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.