Short Interest in FlexShopper, Inc. (NASDAQ:FPAY) Decreases By 7.7%

FlexShopper, Inc. (NASDAQ:FPAYGet Rating) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 421,200 shares, a decline of 7.7% from the August 15th total of 456,400 shares. Based on an average daily volume of 289,100 shares, the days-to-cover ratio is presently 1.5 days. Currently, 3.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FPAY. TheStreet upgraded FlexShopper from a “d+” rating to a “c” rating in a research note on Friday, August 26th. HC Wainwright boosted their price objective on FlexShopper from $2.50 to $4.00 and gave the company a “buy” rating in a research note on Friday, August 12th.

FlexShopper Trading Down 14.3 %

Shares of FlexShopper stock opened at $1.91 on Tuesday. FlexShopper has a 1 year low of $0.83 and a 1 year high of $3.82. The company has a debt-to-equity ratio of 12.82, a quick ratio of 8.33 and a current ratio of 8.33. The company has a market capitalization of $41.27 million, a P/E ratio of 4.55 and a beta of 0.76. The company’s fifty day moving average is $1.74 and its two-hundred day moving average is $1.43.

FlexShopper (NASDAQ:FPAYGet Rating) last issued its quarterly earnings data on Wednesday, August 10th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.57. FlexShopper had a net margin of 11.25% and a negative return on equity of 341.78%. The company had revenue of $36.55 million for the quarter, compared to the consensus estimate of $31.46 million. Analysts forecast that FlexShopper will post 0.7 earnings per share for the current year.

About FlexShopper

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

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