OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Down 29.2% in February

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 34,000 shares, a decrease of 29.2% from the February 13th total of 48,000 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 40,100 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on OptimumBank in a report on Thursday. They set a “hold” rating for the company.

OptimumBank Trading Down 0.2 %

OPHC stock traded down $0.01 during trading on Monday, hitting $4.25. 13,813 shares of the company traded hands, compared to its average volume of 31,769. The firm has a market capitalization of $49.94 million, a PE ratio of 3.22 and a beta of 0.36. OptimumBank has a 1 year low of $4.00 and a 1 year high of $5.90. The company has a 50-day moving average of $4.54 and a 200-day moving average of $4.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.

Institutional Investors Weigh In On OptimumBank

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in OptimumBank by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after buying an additional 2,611 shares during the period. Renaissance Technologies LLC lifted its holdings in OptimumBank by 17.1% in the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock worth $650,000 after buying an additional 19,971 shares during the period. Alliancebernstein L.P. lifted its holdings in OptimumBank by 20.7% in the 4th 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. Geode Capital Management LLC lifted its holdings in OptimumBank by 59.0% in the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after buying an additional 30,202 shares during the period. Finally, Fourthstone LLC purchased a new stake in OptimumBank in the 3rd quarter worth approximately $323,000. Hedge funds and other institutional investors own 7.43% of the company’s stock.

OptimumBank Company Profile

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.