Flexshopper Inc (NASDAQ:FPAY) Short Interest Increased By 35%

July 27, 2018 - By Ash Maslow

FlexShopper, Inc. (NASDAQ:FPAY) Logo

The stock of Flexshopper Inc (NASDAQ:FPAY) registered an increase of 35% in short interest. FPAY’s total short interest was 27,000 shares in July as published by FINRA. Its up 35% from 20,000 shares, reported previously. With 3,900 shares average volume, it will take short sellers 7 days to cover their FPAY’s short positions. The short interest to Flexshopper Inc’s float is 1.05%.

The stock decreased 2.70% or $0.1 during the last trading session, reaching $3.6. About 708 shares traded. FlexShopper, Inc. (NASDAQ:FPAY) has declined 37.97% since July 27, 2017 and is downtrending. It has underperformed by 50.54% the S&P500.

FlexShopper, Inc., through its wholly owned subsidiary, FlexShopper, LLC, provides various types of durable goods to clients on a lease-to-own basis and lease-to-own terms to clients of third party retailers and e-tailers. The company has market cap of $19.06 million. It offers products through FlexShopper.com, an LTO e-commerce marketplace, which features approximately 80,000 items, including electronics, furniture, musical instruments, and equipment; third party e-commerce sites featuring FlexShopperÂ’s LTO payment method; FlexShopperÂ’s automated kiosks located in certain retail locations; and FlexShopper Wallet, a mobile application enabling clients to get durable goods from retailers with their smartphones. It currently has negative earnings. The firm was formerly known as Anchor Funding Services, Inc. and changed its name to FlexShopper, Inc. in October 2013.

Another recent and important FlexShopper, Inc. (NASDAQ:FPAY) news was published by Benzinga.com which published an article titled: “38 Stocks Moving In Wednesday’s Mid-Day Session” on July 11, 2018.

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