HarborOne Bancorp Experiences a Notable Increase in Short Interest During January

In a significant development for HarborOne Bancorp, Inc. (NASDAQ:HONE), January saw a considerable uptick in short interest in the company's shares. Reports as of January 15th indicate that short interest has reached 362,900 shares, marking a 6.0% increase from the total of 342,200 shares recorded at the end of December. With an average daily trading volume of 128,900 shares, the current short-interest ratio stands at 2.8 days, suggesting that it would take around three days to cover all short positions. Notably, shorts encompass about 0.9% of HarborOne Bancorp's available stock.

Institutional Participation Varies

HarborOne Bancorp has seen various activities from hedge funds and institutional investors, who have either increased or reduced their holdings in the financial services provider. Strs Ohio, for example, raised its ownership by 13.6% during the fourth quarter, holding 50,800 shares with an approximate value of $608,000. Another player, Barrett & Company Inc., showed a substantial increase of 5,618.0% in its stake, buying 5,000 shares and reaching a total of 5,089 in the portfolio. SG Americas Securities LLC also upped its holdings by 27.0% and now has 26,842 shares. Meanwhile, Headinvest LLC opened a new position in the previous quarter, and American Century Companies Inc. expanded its stake by 3.1%, holding 319,075 shares. Overall, 52.96% of HarborOne Bancorp stock is held by hedge funds and other institutional investors.

HarborOne Bancorp Stock Sees Movement

The company's shares opened at $10.92, with the stock experiencing a market cap of $499.81 million. HarborOne Bancorp trades with a price-to-earnings ratio of 14.76 and a beta of 0.73, showcasing the stock's market volatility compared to the wider market. The stock has fluctuated between a 12-month low of $7.51 and a high of $14.17. Additionally, the firm has a quick ratio and current ratio of 1.12, and a debt-to-equity ratio of 0.87, indicating its financial health. The moving averages over 50 and 200 days are $11.67 and $10.55, respectively.

Latest Dividend Announced

A recent dividend declaration further increased investor interest, with a $0.075 per share dividend paid on January 18th to shareholders recorded on January 4th. At an annual rate, the dividend sums up to $0.30, yielding 2.75%. Prior to the dividend date, the stock went ex-dividend on January 3rd.

Analyst Ratings and Predictions

Several analysts have provided forecasts and ratings for HarborOne Bancorp. A downgrade was issued by TheStreet, moving from a 'b' rating to a 'c+' rating. On another front, StockNews.com revised its stance, changing the rating from a 'hold' to a 'sell' on the firm.

About HarborOne Bancorp

HarborOne Bancorp oversees HarborOne Bank, catering to individuals, families, small and medium-sized businesses, and local government entities. The company has two main segments: HarborOne Bank and HarborOne Mortgage. It offers a variety of financial products like checking and savings accounts, money markets, CDs, and lends for commercial real estate, small businesses, residential mortgages, and personal loans.

ShortInterest, Investment, Stock