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

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

FlexShopper Price Performance

Shares of NASDAQ FPAY traded down $0.05 during midday trading on Monday, reaching $1.08. 153,287 shares of the company traded hands, compared to its average volume of 61,033. The firm has a market cap of $23.49 million, a PE ratio of -3.38 and a beta of 1.20. The stock’s 50-day simple moving average is $1.23 and its 200-day simple moving average is $1.29. FlexShopper has a 12 month low of $0.70 and a 12 month high of $2.47. The company has a debt-to-equity ratio of 17.71, a quick ratio of 9.68 and a current ratio of 9.68.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Waterfall Asset Management LLC bought a new position in shares of FlexShopper in the fourth quarter valued at about $2,721,000. Vanguard Group Inc. raised its holdings in shares of FlexShopper by 2.0% in the third quarter. Vanguard Group Inc. now owns 638,583 shares of the financial services provider’s stock valued at $1,187,000 after buying an additional 12,232 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of FlexShopper by 53.4% in the third quarter. Renaissance Technologies LLC now owns 287,780 shares of the financial services provider’s stock valued at $535,000 after buying an additional 100,125 shares during the last quarter. Marshall Wace LLP bought a new position in shares of FlexShopper in the third quarter valued at about $287,000. Finally, UBS Group AG raised its holdings 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. 19.41% of the stock is owned by institutional investors.

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 durable products, including consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; and jewelry and furniture, such as accessories.