Oppenheimer Holdings, Inc. (NYSE:OPY) Short Interest Up 109.7% in December

Oppenheimer Holdings, Inc. (NYSE:OPY) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 39,272 shares, a growth of 109.7% from the December 15th total of 18,731 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 54,059 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 54,059 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On Oppenheimer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in shares of Oppenheimer in the third quarter valued at $31,000. Tower Research Capital LLC TRC bought a new stake in shares of Oppenheimer during the 2nd quarter worth $49,000. Nisa Investment Advisors LLC acquired a new position in shares of Oppenheimer during the fourth quarter worth $89,000. Quantbot Technologies LP bought a new stake in shares of Oppenheimer during the second quarter worth about $112,000. Finally, SG Americas Securities LLC acquired a new position in Oppenheimer in the 3rd quarter valued at approximately $185,000. 32.26% of the stock is currently owned by institutional investors and hedge funds.

Oppenheimer Stock Performance

Shares of NYSE:OPY traded up $3.10 during midday trading on Friday, hitting $82.12. The company’s stock had a trading volume of 53,894 shares, compared to its average volume of 33,336. Oppenheimer has a fifty-two week low of $49.26 and a fifty-two week high of $82.39. The stock has a market capitalization of $863.85 million, a price-to-earnings ratio of 11.02 and a beta of 1.17. The stock’s 50 day simple moving average is $71.00 and its 200 day simple moving average is $71.24.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter. The company had revenue of $401.94 million during the quarter. Oppenheimer had a return on equity of 9.58% and a net margin of 5.50%.

Oppenheimer Dividend Announcement

The business also recently declared a special dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, December 26th. Oppenheimer’s dividend payout ratio is 9.66%.

Wall Street Analysts Forecast Growth

OPY has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oppenheimer in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald downgraded shares of Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Oppenheimer Company Profile

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.