OppFi Inc. (NYSE:OPFI) Short Interest Down 13.5% in February

OppFi Inc. (NYSE:OPFI) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 5,530,000 shares, a decline of 13.5% from the February 13th total of 6,390,000 shares. Currently, 28.2% of the shares of the stock are sold short. Based on an average daily volume of 1,870,000 shares, the days-to-cover ratio is currently 3.0 days.

OppFi Trading Up 2.7 %

OPFI stock opened at $9.95 on Friday. The stock has a market capitalization of $857.40 million, a price-to-earnings ratio of 62.16 and a beta of 1.63. OppFi has a 12-month low of $2.35 and a 12-month high of $17.73. The firm’s 50-day moving average price is $11.67 and its two-hundred day moving average price is $8.00.

OppFi (NYSE:OPFI) last announced its earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. The company had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same quarter in the prior year, the company earned $0.10 earnings per share. Equities analysts predict that OppFi will post 0.86 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on OPFI shares. Northland Securities set a $13.00 target price on shares of OppFi in a report on Thursday, March 6th. Citizens Jmp lowered OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, JMP Securities lowered OppFi from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th.

Insider Buying and Selling at OppFi

In related news, Director Theodore G. Schwartz sold 79,762 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.13, for a total value of $728,227.06. Following the completion of the sale, the director now owns 186,737 shares in the company, valued at $1,704,908.81. The trade was a 29.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Vennettilli sold 43,238 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $9.45, for a total transaction of $408,599.10. Following the transaction, the director now owns 90,762 shares in the company, valued at $857,700.90. The trade was a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 338,927 shares of company stock worth $3,153,476 over the last three months. 84.00% of the stock is owned by insiders.

Institutional Investors Weigh In On OppFi

Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new position in shares of OppFi during the third quarter valued at about $60,000. Ancora Advisors LLC bought a new stake in OppFi during the 4th quarter valued at approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of OppFi by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock worth $83,000 after acquiring an additional 866 shares during the period. Mariner LLC bought a new position in shares of OppFi in the 4th quarter worth approximately $93,000. Finally, MetLife Investment Management LLC purchased a new position in shares of OppFi in the 4th quarter valued at approximately $98,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

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.