FlexShopper Inc. (NASDAQ:FPAY) Short Interest Update

FlexShopper Inc. (NASDAQ:FPAY) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 95,200 shares, agrowthof552.1% from the July 31st total of 14,600 shares. Currently,1.2% of the company’s shares are sold short. Based on an average daily volume of 149,800 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 149,800 shares, the days-to-cover ratio is currently 0.6 days. Currently,1.2% of the company’s shares are sold short.

Institutional Trading of FlexShopper

A number of hedge funds have recently added to or reduced their stakes in FPAY. XTX Topco Ltd bought a new position in FlexShopper during the 1st quarter worth about $33,000. Citadel Advisors LLC bought a new position in shares of FlexShopper during the fourth quarter valued at approximately $109,000. Finally, Bessemer Group Inc. bought a new position in shares of FlexShopper during the second quarter valued at approximately $120,000. 19.41% of the stock is owned by hedge funds and other institutional investors.

FlexShopper Stock Performance

NASDAQ FPAY traded up $0.02 on Tuesday, reaching $0.71. 94,021 shares of the stock traded hands, compared to its average volume of 149,247. FlexShopper has a 12 month low of $0.45 and a 12 month high of $2.37. The company has a market cap of $15.28 million, a price-to-earnings ratio of -3.10 and a beta of 1.18. The company has a fifty day moving average price of $0.96 and a 200-day moving average price of $1.20.

About FlexShopper

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.