OPFI - OppFi weaker after new short call from The Bear Cave
OppFi (NYSE:OPFI) fell slightly, down 2.1%, after a new short call from The Bear Cave earlier. Bear Cave alleges that OppFi (OPFI) is more of "payday lender" that charges high interest and highlights some state attorney generals' concerns with the company. Last month, FG New America Acquisition received stockholders approval on OppFi merger. OppFi's (OPFI) said that its financial technology platform enables banks to offer accessible products and a top-rated experience to everyday consumers. The company has facilitated the issuance of over 1.5M loans to date. OppFi (OPFI) didn't immediately return Seeking Alpha request for comment. Also see SA contributor Yousef Tav's piece entitled "OppFi Has Characteristics Of A Multibagger."
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OppFi weaker after new short call from The Bear Cave