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

Oportun Financial Co. (NASDAQ:OPRT - Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 145,800 shares, a drop of 16.2% from the December 31st total of 173,900 shares. Based on an average trading volume of 180,200 shares, the days-to-cover ratio is presently 0.8 days.

Insider Activity at Oportun Financial

In other Oportun Financial news, Director R Neil Williams bought 25,000 shares of Oportun Financial stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $3.87 per share, for a total transaction of $96,750.00. Following the acquisition, the director now owns 140,338 shares of the company's stock, valued at $543,108.06. The trade was a 21.68 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Patrick Kirscht sold 8,403 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $3.80, for a total transaction of $31,931.40. Following the sale, the insider now directly owns 333,360 shares of the company's stock, valued at approximately $1,266,768. This trade represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 41,264 shares of company stock worth $159,826. 9.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in 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 purchasing an additional 31,415 shares in the last quarter. Marshall Wace LLP grew its position in shares of Oportun Financial by 53.3% during the second quarter. Marshall Wace LLP now owns 274,969 shares of the company's stock worth $797,000 after buying an additional 95,637 shares in the last quarter. Millennium Management LLC increased its stake in shares of Oportun Financial by 26.4% in the second quarter. Millennium Management LLC now owns 1,507,012 shares of the company's stock worth $4,370,000 after buying an additional 314,553 shares during the last quarter. Empowered Funds LLC raised its holdings in Oportun Financial by 5.4% in the third 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, Connor Clark & Lunn Investment Management Ltd. bought a new position in Oportun Financial during the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 82.70% of the company's stock.

Oportun Financial Trading Up 16.0 %

OPRT stock traded up $0.74 during trading on Tuesday, reaching $5.36. The stock had a trading volume of 305,027 shares, compared to its average volume of 224,193. The firm has a fifty day moving average price of $3.92 and a 200 day moving average price of $3.24. The company has a market capitalization of $192.85 million, a P/E ratio of -1.62 and a beta of 1.16. Oportun Financial has a 1-year low of $2.05 and a 1-year high of $5.37.

About Oportun Financial

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.