Oportun Financial Co. (NASDAQ:OPRT) Short Interest Down 23.4% in November

Oportun Financial Co. (NASDAQ:OPRT) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 84,300 shares, a decline of 23.4% from the November 15th total of 110,000 shares. Based on an average daily trading volume, of 150,200 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Singular Research raised shares of Oportun Financial to a “strong-buy” rating in a research note on Friday, September 20th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

Oportun Financial Stock Up 0.8 %

NASDAQ:OPRT traded up $0.03 during midday trading on Friday, hitting $3.90. The stock had a trading volume of 112,910 shares, compared to its average volume of 228,856. The stock has a 50-day moving average of $3.12 and a 200 day moving average of $2.99. The company has a market capitalization of $140.29 million, a price-to-earnings ratio of -1.18 and a beta of 1.17. Oportun Financial has a one year low of $2.05 and a one year high of $4.60.

Insiders Place Their Bets

In other Oportun Financial news, insider Patrick Kirscht sold 8,403 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 333,360 shares in the company, valued at $1,266,768. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Raul Vazquez bought 8,844 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $3.86 per share, for a total transaction of $34,137.84. Following the purchase, the chief executive officer now owns 1,257,328 shares of the company’s stock, valued at approximately $4,853,286.08. The trade was a 0.71 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 41,264 shares of company stock valued at $159,826 over the last three months. 9.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oportun Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Oportun Financial during the third quarter valued at approximately $52,000. Flaharty Asset Management LLC boosted its position in Oportun Financial by 75.0% during the 2nd quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock valued at $102,000 after acquiring an additional 15,000 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in shares of Oportun Financial by 28.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock valued at $196,000 after acquiring an additional 15,000 shares during the period. Empowered Funds LLC raised its position 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 worth $311,000 after acquiring an additional 5,628 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Oportun Financial by 16.1% during the second 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. Institutional investors own 82.70% of the company’s stock.

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.