Old Point Financial Co. (NASDAQ:OPOF) Short Interest Down 55.6% in October

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Old Point Financial Co. (NASDAQ:OPOF) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totalling 800 shares, a decline of 55.6% from the October 15th total of 1,800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,800 shares, the short-interest ratio is presently 0.3 days.

OPOF stock traded up $0.51 on Tuesday, reaching $16.51. 1,001 shares of the company’s stock were exchanged, compared to its average volume of 5,377. The stock has a fifty day moving average of $15.70 and a 200-day moving average of $15.59. Old Point Financial has a twelve month low of $10.86 and a twelve month high of $30.05. The firm has a market cap of $86.22 million, a PE ratio of 10.79 and a beta of 0.95. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.36.

An institutional investor recently raised its position in Old Point Financial stock. PL Capital Advisors LLC boosted its position in shares of Old Point Financial Co. (NASDAQ:OPOF) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 456,215 shares of the bank’s stock after purchasing an additional 2,000 shares during the quarter. Old Point Financial makes up 2.9% of PL Capital Advisors LLC’s portfolio, making the stock its 15th biggest holding. PL Capital Advisors LLC owned 8.74% of Old Point Financial worth $6,912,000 at the end of the most recent quarter. 31.22% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine raised Old Point Financial from a “sell” rating to a “hold” rating in a report on Tuesday, November 3rd.

Old Point Financial Company Profile

Old Point Financial Corporation operates as the bank holding company for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual and commercial customers. The company offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits.

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