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

FlexShopper, Inc. (NASDAQ:FPAY) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 43,600 shares, an increase of 25.3% from the March 15th total of 34,800 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 55,800 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lifted their target price on shares of FlexShopper from $2.00 to $2.50 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd.

FlexShopper Price Performance

FPAY traded down $0.05 during midday trading on Monday, reaching $1.08. 153,287 shares of the company’s stock were exchanged, compared to its average volume of 61,033. The company has a debt-to-equity ratio of 17.71, a current ratio of 9.68 and a quick ratio of 9.68. The stock has a market capitalization of $23.49 million, a PE ratio of -3.38 and a beta of 1.20. The business’s 50-day moving average price is $1.23 and its 200 day moving average price is $1.29. FlexShopper has a 1-year low of $0.70 and a 1-year high of $2.47.

Hedge Funds Weigh In On FlexShopper

A number of institutional investors have recently modified their holdings of the company. UBS Group AG raised its position in shares of FlexShopper by 10.2% in the third quarter. UBS Group AG now owns 110,200 shares of the financial services provider’s stock valued at $205,000 after buying an additional 10,200 shares during the last quarter. Vanguard Group Inc. increased its position in FlexShopper by 2.0% during the third quarter. Vanguard Group Inc. now owns 638,583 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 12,232 shares during the last quarter. Northern Trust Corp increased its position in FlexShopper by 65.0% during the fourth quarter. Northern Trust Corp now owns 38,983 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 15,361 shares during the last quarter. State Street Corp increased its position in FlexShopper by 204.4% during the third quarter. State Street Corp now owns 51,826 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 34,800 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in FlexShopper by 53.4% during the third quarter. Renaissance Technologies LLC now owns 287,780 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 100,125 shares during the last quarter. Institutional investors and hedge funds 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 durable products, including consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; and jewelry and furniture, such as accessories.