Short Interest of The Day: It Seems Smartfinancial Incorporated (NASDAQ:SMBK) Will Go Down. Just Reported More Shorted Shares

November 16, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest of The Day: It Seems Smartfinancial Incorporated (NASDAQ:SMBK) Will Go Down. Just Reported More Shorted Shares

The stock of Smartfinancial Incorporated (NASDAQ:SMBK) registered an increase of 40.91% in short interest. SMBK’s total short interest was 9,300 shares in November as published by FINRA. Its up 40.91% from 6,600 shares, reported previously. With 7,000 shares average volume, it will take short sellers 1 days to cover their SMBK’s short positions. The short interest to Smartfinancial Incorporated’s float is 0.21%. The stock closed at $17.75 during the last session. It is down 3.64% since April 14, 2016 and is downtrending. It has underperformed by 8.32% the S&P500.

SmartFinancial, Inc., formerly Cornerstone Bancshares, Inc., is a bank holding company. The company has a market cap of $103.63 million. The Firm operates through its SmartBank subsidiary . It has a 23.76 P/E ratio. The principal business of the Bank consists of attracting deposits from the public and investing those funds, together with funds generated from activities and from principal and interest payments on loans.

SMBK Company Profile

SmartFinancial, Inc., formerly Cornerstone Bancshares, Inc., incorporated on October 19, 1983, is a bank holding company. The Firm operates through its SmartBank subsidiary (The Bank). The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from activities and from principal and interest payments on loans, primarily in commercial loans, commercial and residential real estate loans, consumer loans, and residential and commercial construction loans. SmartBank operates in approximately seven banking offices located in East Tennessee and the Florida Panhandle, and one loan production office and one mortgage loan production office located in Panama City, Florida.

More notable recent SmartFinancial Inc (NASDAQ:SMBK) news were published by: Prnewswire.com which released: “SmartFinancial and Cornerstone Bancshares to Merge” on December 08, 2014, also Prweb.com with their article: “SmartFinancial Reports Second Quarter Results” published on July 27, 2016, Globenewswire.com published: “SmartFinancial Reports Third Quarter Results” on October 26, 2016. More interesting news about SmartFinancial Inc (NASDAQ:SMBK) were released by: Prnewswire.com and their article: “Veteran Bankers Join Cornerstone Community Bank, A SmartFinancial Company” published on September 09, 2015 as well as Prnewswire.com‘s news article titled: “SmartFinancial and Cornerstone Bancshares Announce Merger Completion” with publication date: September 02, 2015.

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By Marie Mckinney


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