Oportun Financial Co. (NASDAQ:OPRT) Short Interest Up 28.9% in December

Oportun Financial Co. (NASDAQ:OPRT - Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 108,700 shares, an increase of 28.9% from the November 30th total of 84,300 shares. Based on an average daily volume of 153,200 shares, the short-interest ratio is presently 0.7 days.

Insider Buying and Selling at Oportun Financial

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

Institutional Trading of Oportun Financial

Several institutional investors and hedge funds have recently bought and sold shares of OPRT. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Oportun Financial in the third quarter worth $52,000. Flaharty Asset Management LLC grew its position in Oportun Financial by 75.0% during the second quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company's stock worth $102,000 after buying an additional 15,000 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in Oportun Financial by 28.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company's stock worth $196,000 after acquiring an additional 15,000 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Oportun Financial by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 110,620 shares of the company's stock valued at $311,000 after acquiring an additional 5,628 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Oportun Financial by 16.1% during the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company's stock valued at $658,000 after acquiring an additional 31,415 shares during the last quarter. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Trading Down 4.2 %

Shares of Oportun Financial stock traded down $0.18 on Friday, reaching $4.07. The stock had a trading volume of 174,889 shares, compared to its average volume of 228,024. The business's 50 day moving average is $3.40 and its two-hundred day moving average is $3.04. The company has a market cap of $146.42 million, a P/E ratio of -1.23 and a beta of 1.17. Oportun Financial has a 1 year low of $2.05 and a 1 year high of $4.60.

Analysts Set New Price Targets

Separately, Singular Research upgraded Oportun Financial to a "strong-buy" rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5.50.

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.