Opera Limited (NASDAQ:OPRA - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,440,000 shares, a decline of 16.3% from the February 13th total of 1,720,000 shares. Based on an average trading volume of 507,800 shares, the short-interest ratio is presently 2.8 days. Approximately 10.4% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler initiated coverage on shares of Opera in a research note on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 target price for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $24.80.
Get Our Latest Stock Report on OPRA
Institutional Trading of Opera
Institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp bought a new position in shares of Opera in the fourth quarter worth approximately $355,000. JT Stratford LLC grew its stake in Opera by 15.3% in the 4th quarter. JT Stratford LLC now owns 106,890 shares of the company's stock worth $2,024,000 after buying an additional 14,207 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in shares of Opera by 233.3% in the 4th quarter. Voloridge Investment Management LLC now owns 111,255 shares of the company's stock worth $2,107,000 after buying an additional 77,875 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Opera by 11.0% during the 4th quarter. Vident Advisory LLC now owns 16,056 shares of the company's stock worth $304,000 after acquiring an additional 1,596 shares during the last quarter. Finally, Tidal Investments LLC grew its position in Opera by 75.6% in the fourth quarter. Tidal Investments LLC now owns 1,176,565 shares of the company's stock worth $22,284,000 after acquiring an additional 506,425 shares in the last quarter. Hedge funds and other institutional investors own 10.21% of the company's stock.
Opera Price Performance
Shares of Opera stock traded up $0.06 during trading on Friday, hitting $17.79. The stock had a trading volume of 472,202 shares, compared to its average volume of 590,796. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. Opera has a 12 month low of $10.11 and a 12 month high of $22.50. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 9.03 and a beta of 1.12. The business's 50-day moving average is $18.71 and its 200 day moving average is $17.77.
About Opera
(
Get Free Report)
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.
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