Short Interest in FlexShopper, Inc. (NASDAQ:FPAY) Increases By 42.9%

FlexShopper, Inc. (NASDAQ:FPAY) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 135,600 shares, a growth of 42.9% from the January 31st total of 94,900 shares. Based on an average daily volume of 237,600 shares, the short-interest ratio is currently 0.6 days. Approximately 1.7% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Maxim Group upped their price target on shares of FlexShopper from $2.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, November 15th. HC Wainwright restated a “buy” rating and set a $2.50 price target on shares of FlexShopper in a research report on Tuesday, December 24th.

Insider Buying and Selling at FlexShopper

In other FlexShopper news, CEO Harold Russell Jr. Heiser acquired 30,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $1.45 per share, with a total value of $43,500.00. Following the purchase, the chief executive officer now owns 969,874 shares of the company’s stock, valued at approximately $1,406,317.30. This trade represents a 3.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 30.20% of the company’s stock.

Hedge Funds Weigh In On FlexShopper

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Waterfall Asset Management LLC bought a new stake in shares of FlexShopper during the 3rd quarter valued at $1,678,000. Renaissance Technologies LLC boosted its stake in FlexShopper by 48.4% during the fourth quarter. Renaissance Technologies LLC now owns 283,080 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 92,368 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in FlexShopper in the fourth quarter worth about $163,000. Citadel Advisors LLC purchased a new stake in FlexShopper in the fourth quarter worth about $109,000. Finally, Insigneo Advisory Services LLC increased its stake in shares of FlexShopper by 33.3% during the third quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors own 19.41% of the company’s stock.

FlexShopper Trading Up 3.5 %

FPAY opened at $1.47 on Wednesday. FlexShopper has a one year low of $0.97 and a one year high of $2.37. The company has a debt-to-equity ratio of 19.65, a current ratio of 7.98 and a quick ratio of 7.98. The business has a 50 day simple moving average of $1.60 and a two-hundred day simple moving average of $1.45. The firm has a market capitalization of $31.55 million, a price-to-earnings ratio of -8.65 and a beta of 1.54.

FlexShopper Company Profile

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.