What’s in Flexshopper Inc (NASDAQ:FPAY) After Rise in Shorted Shares?

FlexShopper, Inc. (NASDAQ:FPAY) Logo

The stock of Flexshopper Inc (NASDAQ:FPAY) registered an increase of 84.95% in short interest. FPAY’s total short interest was 34,400 shares in December as published by FINRA. Its up 84.95% from 18,600 shares, reported previously. With 5,900 shares average volume, it will take short sellers 6 days to cover their FPAY’s short positions. The short interest to Flexshopper Inc’s float is 1.38%.

The stock decreased 0.68% or $0.005 during the last trading session, reaching $0.725. About 99,653 shares traded. FlexShopper, Inc. (NASDAQ:FPAY) has declined 49.04% since December 8, 2017 and is downtrending. It has underperformed by 64.66% 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 $12.75 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.

More notable recent FlexShopper, Inc. (NASDAQ:FPAY) news were published by: Globenewswire.com which released: “FlexShopper, Inc. Receives Notice of Allowance From U.S. Patent Office for LTO System – GlobeNewswire” on May 21, 2018, also Globenewswire.com with their article: “FlexShopper, Inc. Announces Closing of Public Offering – GlobeNewswire” published on September 28, 2018, Globenewswire.com published: “FlexShopper to Showcase “Integrationless” Virtual Lease-to-Own Capabilities and Recently Patented Lease-to-Own Payment System for e-Commerce Sites at “Money 20/20 USA” Conference – GlobeNewswire” on October 22, 2018. More interesting news about FlexShopper, Inc. (NASDAQ:FPAY) were released by: Globenewswire.com and their article: “Flexshopper Inc. Schedules 2017 Fourth Quarter and Year-End Financial Results Conference Call – GlobeNewswire” published on February 28, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Day ETF Update: ETFs, Stocks Higher, Dow Hits Record as Italy Budget Woes Ease; Street Mulls ADP Jobs, Services Data – Nasdaq” with publication date: October 03, 2018.

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