OppFi Inc. (NYSE:OPFI) Short Interest Up 24.4% in November

OppFi Inc. (NYSE:OPFI) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 1,630,000 shares, a growth of 24.4% from the October 31st total of 1,310,000 shares. Currently, 8.6% of the shares of the company are sold short. Based on an average daily volume of 347,500 shares, the short-interest ratio is currently 4.7 days.

OppFi Trading Down 5.8 %

NYSE:OPFI traded down $0.47 during trading hours on Monday, reaching $7.69. 830,035 shares of the company were exchanged, compared to its average volume of 300,229. The stock’s 50-day moving average is $5.71 and its 200-day moving average is $4.48. OppFi has a twelve month low of $2.35 and a twelve month high of $8.54. The firm has a market cap of $662.99 million, a PE ratio of 48.00 and a beta of 1.20.

Insider Buying and Selling

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of OppFi stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $6.70, for a total transaction of $155,098.30. Following the completion of the transaction, the director now owns 99,072 shares in the company, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Vennettilli sold 100,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the transaction, the director now directly owns 143,825 shares of the company’s stock, valued at approximately $927,671.25. This trade represents a 41.01 % decrease in their position. The disclosure for this sale can be found here. 84.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd acquired a new stake in OppFi during the 3rd quarter worth $60,000. Brendel Financial Advisors LLC acquired a new position in OppFi during the third quarter worth about $105,000. Jane Street Group LLC grew its stake in OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after acquiring an additional 5,795 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in OppFi by 120.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after purchasing an additional 20,048 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of OppFi during the 3rd quarter worth approximately $136,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Northland Securities raised their price objective on shares of OppFi from $6.00 to $8.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

OppFi Company Profile

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.