OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Down 41.7% in August

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 4,900 shares, adropof41.7% from the July 31st total of 8,400 shares. Based on an average daily volume of 16,000 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 16,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in shares of OptimumBank by 4.1% during 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. Fourthstone LLC increased its holdings in shares of OptimumBank by 44.6% during the 2nd quarter. Fourthstone LLC now owns 500,853 shares of the bank’s stock worth $2,239,000 after acquiring an additional 154,399 shares during the last quarter. Brown Advisory Inc. acquired a new position in OptimumBank in the 2nd quarter valued at $89,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of OptimumBank by 24.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock valued at $118,000 after acquiring an additional 5,720 shares during the period. 7.43% of the stock is owned by institutional investors.

OptimumBank Stock Up 0.5%

Shares of OPHC traded up $0.02 during mid-day trading on Monday, reaching $4.25. 2,043 shares of the stock traded hands, compared to its average volume of 24,121. The firm has a market cap of $49.94 million, a price-to-earnings ratio of 3.22 and a beta of 0.43. The stock has a fifty day simple moving average of $4.42 and a 200 day simple moving average of $4.34. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a 12-month low of $3.53 and a 12-month high of $5.90.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of OptimumBank in a research note on Sunday, May 18th. They issued a “hold” rating on the 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.