Is Buying Oconee Federal Financial Corporation (NASDAQ:OFED), Having Higher Short Interest a Winning Strategy?

February 17, 2018 - By Nellie Frank

 Is Buying Oconee Federal Financial Corporation (NASDAQ:OFED), Having Higher Short Interest a Winning Strategy?

Investors sentiment decreased to 1.14 in Q3 2017. Its down 17.86, from 19 in 2017Q2. It turned negative, as 2 investors sold Oconee Federal Financial Corp. shares while 5 reduced holdings. 3 funds opened positions while 5 raised stakes. 139,390 shares or 50.03% less from 278,922 shares in 2017Q2 were reported.
Strs Ohio invested 0% in Oconee Federal Financial Corp. (NASDAQ:OFED). Barclays Public Limited Liability Corporation stated it has 0% of its portfolio in Oconee Federal Financial Corp. (NASDAQ:OFED). Minerva Advsr Limited Liability Company accumulated 22,902 shares or 0.33% of the stock. The New York-based Ny State Common Retirement Fund has invested 0% in Oconee Federal Financial Corp. (NASDAQ:OFED). The Germany-based Deutsche Comml Bank Ag has invested 0% in Oconee Federal Financial Corp. (NASDAQ:OFED). Moreover, Ameritas Ptnrs has 0% invested in Oconee Federal Financial Corp. (NASDAQ:OFED) for 109 shares. Citigroup reported 176 shares. Bancorporation Of America Corporation De owns 1,608 shares. Royal State Bank Of Canada holds 154 shares or 0% of its portfolio. Tiaa Cref Investment Mngmt Limited accumulated 1,990 shares. Blackrock reported 46,479 shares. Legal And General Group Public Limited Company stated it has 411 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa owns 122 shares or 0% of their US portfolio. Moreover, Wells Fargo And Company Mn has 0% invested in Oconee Federal Financial Corp. (NASDAQ:OFED) for 88 shares. California State Teachers Retirement stated it has 2,200 shares.

The stock of Oconee Federal Financial Corporation (NASDAQ:OFED) registered an increase of 3.9% in short interest. OFED’s total short interest was 21,300 shares in February as published by FINRA. Its up 3.9% from 20,500 shares, reported previously. With 900 shares average volume, it will take short sellers 24 days to cover their OFED’s short positions. The short interest to Oconee Federal Financial Corporation’s float is 1.67%.

The stock decreased 0.33% or $0.095 during the last trading session, reaching $29.135. About 711 shares traded. Oconee Federal Financial Corp. (NASDAQ:OFED) has risen 41.16% since February 17, 2017 and is uptrending. It has outperformed by 24.46% the S&P500.

Oconee Federal Financial Corp. operates as a holding firm for Oconee Federal Savings and Loan Association that provides various banking services and products in the Oconee County area of northwestern South Carolina and the northeast area of Georgia. The company has market cap of $165.09 million. The companyÂ’s deposit products include demand, NOW, money market, savings, certificates of deposit, and individual retirement accounts. It has a 45.59 P/E ratio. The Company’s loan portfolio comprises one-to-four family residential mortgage loans; home equity loans and lines of credit; nonresidential real estate loans; construction and land loans; commercial and industrial loans; agricultural loans; and consumer loans.

More important recent Oconee Federal Financial Corp. (NASDAQ:OFED) news were published by: Nasdaq.com which released: “Oconee Federal Financial Corp. (OFED) Ex-Dividend Date Scheduled for February …” on February 06, 2018, also Businesswire.com published article titled: “Oconee Federal Financial Corp. Announces Agreement to Acquire Stephens Federal …”, Businesswire.com published: “Oconee Federal Financial Corp. Announces Appointment of New Chief Financial …” on March 30, 2017. More interesting news about Oconee Federal Financial Corp. (NASDAQ:OFED) was released by: Seekingalpha.com and their article: “Oconee Federal Financial – Well Capitalized And Profitable Bank With A Dual …” with publication date: July 16, 2015.

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