Is Flexshopper Inc (NASDAQ:FPAY)’s Fuel Running Low? Reports Show More Sellers

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. Announces Closing of Public Offering – GlobeNewswire” on September 28, 2018, also Globenewswire.com with their article: “FlexShopper Reports Record Black Friday Results Nasdaq:FPAY – GlobeNewswire” published on November 28, 2018, Globenewswire.com published: “FlexShopper, Inc. Announces Pricing of $10000000 Million Public Offering – GlobeNewswire” on September 25, 2018. More interesting news about FlexShopper, Inc. (NASDAQ:FPAY) were released by: Seekingalpha.com and their article: “FlexShopper awarded patent for LTO system – Seeking Alpha” published on September 24, 2018 as well as Globenewswire.com‘s news article titled: “FlexShopper, Inc. Reports Launch of New Pilot with 400-Store Retailer – GlobeNewswire” with publication date: November 16, 2018.

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