Short Interest in OppFi Inc. (NYSE:OPFI) Rises By 24.4%

OppFi Inc. (NYSE:OPFI) was the target of a large growth in short interest during the month of 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. Based on an average daily volume of 347,500 shares, the short-interest ratio is currently 4.7 days. Approximately 8.6% of the company’s stock are short sold.

OppFi Trading Down 5.8 %

OPFI stock traded down $0.47 during midday trading on Monday, reaching $7.69. 830,035 shares of the company’s stock traded hands, compared to its average volume of 300,229. OppFi has a 52-week low of $2.35 and a 52-week high of $8.54. The stock’s 50-day moving average is $5.71 and its 200 day moving average is $4.48. The stock has a market cap of $662.99 million, a P/E ratio of 48.00 and a beta of 1.20.

Insider Buying and Selling at OppFi

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $6.70, for a total value of $155,098.30. Following the completion of the sale, 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 the SEC website. Also, Director David Vennettilli sold 100,000 shares of the company’s stock in a transaction that occurred on 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 represents a 41.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 84.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Barclays PLC raised its position in shares of OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after acquiring an additional 20,630 shares in the last quarter. Geode Capital Management LLC lifted its position in OppFi by 4.7% during the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after acquiring an additional 18,149 shares during the last quarter. XTX Topco Ltd acquired a new stake in OppFi in the third quarter valued at approximately $136,000. Jane Street Group LLC grew its holdings in OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after purchasing an additional 5,795 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of OppFi during the third quarter worth $60,000. 7.10% of the stock is currently 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 company an “outperform” rating in a research report 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.