Short Interest in Oportun Financial Co. (NASDAQ:OPRT) Drops By 23.4%

Oportun Financial Co. (NASDAQ:OPRT) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 84,300 shares, a decrease 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 currently 0.6 days.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director R Neil Williams acquired 25,000 shares of Oportun Financial stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $3.87 per share, for a total transaction of $96,750.00. Following the completion of the transaction, the director now directly owns 140,338 shares in the company, valued at approximately $543,108.06. This trade represents a 21.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mohit Daswani bought 7,420 shares of the company’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $3.90 per share, with a total value of $28,938.00. Following the completion of the acquisition, the director now owns 41,924 shares of the company’s stock, valued at $163,503.60. This represents a 21.50 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 41,264 shares of company stock worth $159,826 in the last ninety days. 9.30% of the stock is owned by corporate insiders.

Institutional Trading of Oportun Financial

Institutional investors have recently made changes to their positions in the stock. SkyView Investment Advisors LLC raised its stake in shares of Oportun Financial by 59.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock valued at $302,000 after acquiring an additional 40,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in Oportun Financial by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock worth $875,000 after acquiring an additional 14,683 shares during the period. RBF Capital LLC grew its position in shares of Oportun Financial by 82.9% in the third quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock valued at $2,748,000 after purchasing an additional 443,177 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Oportun Financial during the 3rd quarter worth about $52,000. Finally, Empowered Funds LLC lifted its holdings in shares of Oportun Financial by 5.4% during the third quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after buying an additional 5,628 shares during the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Oportun Financial Trading Up 0.8 %

Shares of Oportun Financial stock traded up $0.03 during trading on Monday, hitting $3.93. The stock had a trading volume of 30,010 shares, compared to its average volume of 228,027. Oportun Financial has a fifty-two week low of $2.05 and a fifty-two week high of $4.60. The business has a fifty day moving average of $3.12 and a two-hundred day moving average of $2.99.

Oportun Financial Company Profile

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.