Short Interest in Oportun Financial Co. (NASDAQ:OPRT) Drops By 16.2%

Oportun Financial Co. (NASDAQ:OPRTGet Free Report) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 145,800 shares, a decline of 16.2% from the December 31st total of 173,900 shares. Based on an average daily trading volume, of 180,200 shares, the short-interest ratio is presently 0.8 days.

Insider Buying and Selling

In related news, CEO Raul Vazquez bought 8,844 shares of Oportun Financial stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average price of $3.86 per share, with a total value of $34,137.84. Following the acquisition, the chief executive officer now owns 1,257,328 shares of the company’s stock, valued at approximately $4,853,286.08. This represents a 0.71 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Neil Williams bought 25,000 shares of Oportun Financial stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $3.87 per share, with a total value of $96,750.00. Following the acquisition, the director now directly owns 140,338 shares in the company, valued at $543,108.06. This trade represents a 21.68 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 41,264 shares of company stock valued at $159,826. Company insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On Oportun Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Telos Capital Management Inc. acquired a new position in Oportun Financial during the 4th quarter worth approximately $52,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Oportun Financial during the 3rd quarter worth approximately $52,000. SkyView Investment Advisors LLC increased its position in Oportun Financial by 59.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock worth $302,000 after purchasing an additional 40,000 shares in the last quarter. Empowered Funds LLC increased its position in Oportun Financial by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after purchasing an additional 5,628 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Oportun Financial by 16.1% during the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock worth $658,000 after purchasing an additional 31,415 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Oportun Financial Stock Up 12.2 %

Shares of NASDAQ:OPRT traded up $0.50 during midday trading on Friday, hitting $4.60. The stock had a trading volume of 369,264 shares, compared to its average volume of 183,892. The company’s 50-day moving average price is $3.90 and its 200-day moving average price is $3.23. The company has a market capitalization of $165.51 million, a P/E ratio of -1.39 and a beta of 1.15. Oportun Financial has a fifty-two week low of $2.05 and a fifty-two week high of $4.62.

Oportun Financial Company Profile

(Get Free Report)

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.

Further Reading

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