FlexShopper, Inc. (NASDAQ:FPAY) Short Interest Update

FlexShopper, Inc. (NASDAQ:FPAY) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 437,900 shares, a growth of 6.4% from the November 30th total of 411,400 shares. Currently, 3.8% of the company’s stock are sold short. Based on an average daily trading volume, of 144,600 shares, the days-to-cover ratio is presently 3.0 days.

FlexShopper Trading Up 6.2 %

NASDAQ FPAY opened at $1.71 on Thursday. The firm has a market capitalization of $36.70 million, a PE ratio of -10.06 and a beta of 1.43. FlexShopper has a one year low of $0.97 and a one year high of $2.19. The company has a 50-day simple moving average of $1.61 and a 200-day simple moving average of $1.31. The company has a debt-to-equity ratio of 19.65, a quick ratio of 7.98 and a current ratio of 7.98.

Insider Transactions at FlexShopper

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

Hedge Funds Weigh In On FlexShopper

Several institutional investors have recently made changes to their positions in the stock. Waterfall Asset Management LLC bought a new stake in shares of FlexShopper in the 3rd quarter worth approximately $1,678,000. Renaissance Technologies LLC increased its holdings in shares of FlexShopper by 30.0% in the 2nd quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 50,847 shares during the period. Finally, Insigneo Advisory Services LLC lifted its position in FlexShopper by 33.3% in the 3rd 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 during the last quarter. 19.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.