FlexShopper, Inc. (NASDAQ:FPAY) Sees Significant Decline in Short Interest

FlexShopper, Inc. (NASDAQ:FPAYGet Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 2,400 shares, a decline of 92.7% from the May 15th total of 32,900 shares. Based on an average daily trading volume, of 62,900 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a $2.50 price target on shares of FlexShopper in a research report on Wednesday, May 15th.

Check Out Our Latest Stock Analysis on FlexShopper

Insider Activity

In other news, Director Howard Dvorkin bought 52,200 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average price of $1.10 per share, with a total value of $57,420.00. Following the transaction, the director now owns 4,296,699 shares in the company, valued at $4,726,368.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 183,975 shares of company stock valued at $206,756 in the last quarter. Company insiders own 36.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FlexShopper stock. Waterfall Asset Management LLC acquired a new position in shares of FlexShopper, Inc. (NASDAQ:FPAYFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,629,544 shares of the financial services provider’s stock, valued at approximately $2,721,000. FlexShopper comprises approximately 3.7% of Waterfall Asset Management LLC’s holdings, making the stock its 6th largest holding. Waterfall Asset Management LLC owned about 7.53% of FlexShopper as of its most recent SEC filing. Institutional investors and hedge funds own 19.41% of the company’s stock.

FlexShopper Price Performance

FPAY stock remained flat at $1.26 during mid-day trading on Friday. 20,142 shares of the company’s stock traded hands, compared to its average volume of 58,770. The stock’s 50 day moving average is $1.13 and its two-hundred day moving average is $1.30. The company has a quick ratio of 13.70, a current ratio of 13.70 and a debt-to-equity ratio of 19.16. FlexShopper has a 52-week low of $0.75 and a 52-week high of $2.47.

FlexShopper (NASDAQ:FPAYGet Free Report) last issued its earnings results on Monday, May 13th. The financial services provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $33.95 million during the quarter, compared to the consensus estimate of $29.30 million. FlexShopper had a negative return on equity of 58.72% and a negative net margin of 3.51%. On average, analysts anticipate that FlexShopper will post -0.08 earnings per share for the current fiscal year.

About FlexShopper

(Get Free Report)

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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