FlexShopper, Inc. (NASDAQ:FPAY – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 28,800 shares, an increase of 203.2% from the August 15th total of 9,500 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 28,700 shares, the days-to-cover ratio is presently 1.0 days.
FlexShopper Price Performance
NASDAQ:FPAY traded up $0.01 on Friday, reaching $1.03. 82,188 shares of the company’s stock traded hands, compared to its average volume of 48,570. The stock has a 50-day simple moving average of $1.10 and a 200-day simple moving average of $1.15. FlexShopper has a 12 month low of $0.94 and a 12 month high of $1.95. The firm has a market cap of $22.14 million, a PE ratio of -3.20 and a beta of 1.35. The company has a quick ratio of 15.78, a current ratio of 15.78 and a debt-to-equity ratio of 28.90.
FlexShopper (NASDAQ:FPAY – Get Free Report) last issued its earnings results on Tuesday, August 6th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02. FlexShopper had a positive return on equity of 0.77% and a negative net margin of 0.41%. The company had revenue of $31.76 million for the quarter, compared to the consensus estimate of $31.00 million. Equities research analysts forecast that FlexShopper will post -0.12 earnings per share for the current year.
Insider Buying and Selling
Hedge Funds Weigh In On FlexShopper
Several hedge funds have recently modified their holdings of FPAY. Insigneo Advisory Services LLC purchased a new position in shares of FlexShopper during the second quarter valued at about $58,000. Renaissance Technologies LLC grew its holdings in FlexShopper by 30.0% during the 2nd quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock valued at $282,000 after buying an additional 50,847 shares in the last quarter. Heron Bay Capital Management bought a new stake in FlexShopper in the 1st quarter worth approximately $43,000. Finally, Waterfall Asset Management LLC bought a new position in shares of FlexShopper during the 4th quarter valued at approximately $2,721,000. Hedge funds and other institutional investors own 19.41% of the company’s stock.
About FlexShopper
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.
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