Short Interest in Oportun Financial Co. (NASDAQ:OPRT) Increases By 31.9%

Oportun Financial Co. (NASDAQ:OPRT - Get Free Report) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 160,600 shares, a growth of 31.9% from the February 13th total of 121,800 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 464,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Oportun Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in Oportun Financial by 4.9% during the third quarter. Geode Capital Management LLC now owns 311,450 shares of the company's stock worth $875,000 after purchasing an additional 14,683 shares during the last quarter. Empowered Funds LLC lifted its stake in Oportun Financial by 5.1% during the fourth quarter. Empowered Funds LLC now owns 116,228 shares of the company's stock worth $451,000 after purchasing an additional 5,608 shares during the last quarter. RBF Capital LLC lifted its stake in Oportun Financial by 82.9% during the third quarter. RBF Capital LLC now owns 978,079 shares of the company's stock worth $2,748,000 after purchasing an additional 443,177 shares during the last quarter. Acuitas Investments LLC lifted its stake in Oportun Financial by 11.9% during the fourth quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company's stock worth $4,463,000 after purchasing an additional 122,360 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its stake in Oportun Financial by 59.3% during the third 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 during the last quarter. 82.70% of the stock is currently owned by institutional investors.

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Oportun Financial Stock Performance

Shares of OPRT stock traded up $0.50 during trading on Thursday, hitting $6.20. The company had a trading volume of 554,640 shares, compared to its average volume of 297,468. The firm has a market capitalization of $224.03 million, a P/E ratio of -3.08 and a beta of 1.13. The stock's 50-day moving average price is $5.58 and its 200 day moving average price is $4.01. Oportun Financial has a one year low of $2.05 and a one year high of $9.25.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. Oportun Financial had a positive return on equity of 5.49% and a negative net margin of 7.86%. On average, research analysts anticipate that Oportun Financial will post 0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OPRT shares. BTIG Research started coverage on Oportun Financial in a research report on Wednesday, March 5th. They issued a "buy" rating and a $10.00 target price on the stock. JMP Securities reiterated a "market perform" rating on shares of Oportun Financial in a research note on Friday, February 14th.

Oportun Financial Company Profile

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.