Short Interest To Observe: Unity Bancorp Ijnc (NASDAQ:UNTY) Has Increase in Shorts

November 18, 2016 - By Darrin Black   ·   0 Comments

Short Interest To Observe: Unity Bancorp Ijnc (NASDAQ:UNTY) Has Increase in Shorts

The stock of Unity Bancorp Ijnc (NASDAQ:UNTY) registered an increase of 21.43% in short interest. UNTY’s total short interest was 10,200 shares in November as published by FINRA. Its up 21.43% from 8,400 shares, reported previously. With 9,200 shares average volume, it will take short sellers 1 days to cover their UNTY’s short positions. The short interest to Unity Bancorp Ijnc’s float is 0.24%. About 334 shares traded hands. Unity Bancorp, Inc. (NASDAQ:UNTY) has risen 30.93% since April 18, 2016 and is uptrending. It has outperformed by 26.50% the S&P500.

Unity Bancorp, Inc. is a bank holding firm that serves as a holding firm for Unity Bank . The company has a market cap of $133.92 million. The Company’s primary business is ownership and supervision of the Bank. It has a 10.17 P/E ratio. The Company, through the Bank, conducts a traditional and community-oriented commercial banking business and offers services, such as personal and business checking accounts, time deposits, money market accounts and regular savings accounts.

Insitutional Activity: The institutional sentiment decreased to 1.25 in Q2 2016. Its down 1.04, from 2.29 in 2016Q1. The ratio dived, as 3 funds sold all Unity Bancorp, Inc. shares owned while 4 reduced positions. 9 funds bought stakes while 7 increased positions. They now own 3.21 million shares or 51.92% less from 6.67 million shares in 2016Q1.
Rmb Cap Mngmt Ltd Liability holds 151,705 shares or 0.1% of its portfolio. Walleye Trading Ltd Liability holds 0% or 200 shares in its portfolio. The New York-based Tower Cap Ltd Llc (Trc) has invested 0% in Unity Bancorp, Inc. (NASDAQ:UNTY). Manufacturers Life The accumulated 0% or 80 shares. Alliancebernstein Ltd Partnership holds 250,091 shares or 0% of its portfolio. Vanguard Grp Incorporated has invested 0% of its portfolio in Unity Bancorp, Inc. (NASDAQ:UNTY). Mendon Corp accumulated 0.1% or 80,000 shares. Emerald Mutual Fund Advisers Tru has 0.04% invested in the company for 62,500 shares. Royal Bancshares Of Canada holds 0% of its portfolio in Unity Bancorp, Inc. (NASDAQ:UNTY) for 8,305 shares. Blackrock Fund Advsr accumulated 0% or 4,865 shares. Lsv Asset Mngmt has 17,445 shares for 0% of their US portfolio. Wellington Mgmt Gru Llp reported 600,613 shares or 0% of all its holdings. Banc Funds Ltd Com holds 775,750 shares or 0.58% of its portfolio. Acadian Asset Management Ltd Limited Liability Company reported 768 shares or 0% of all its holdings. Northern Tru Corporation reported 15,895 shares or 0% of all its holdings.

Insider Transactions: Since June 8, 2016, the stock had 1 insider purchase, and 1 sale for $20,258 net activity. 1,000 Unity Bancorp, Inc. (NASDAQ:UNTY) shares with value of $12,460 were bought by Maricondo Peter E. Souders Donald E. Jr. sold 2,700 shares worth $32,718.

UNTY Company Profile

Unity Bancorp, Inc. is a bank holding firm that serves as a holding firm for Unity Bank (the Bank). The Company’s primary business is ownership and supervision of the Bank. The Company, through the Bank, conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The Firm engages in lending activities and offers commercial, small business administration (SBA), consumer, mortgage, home equity and personal loans.

Another recent and important Unity Bancorp, Inc. (NASDAQ:UNTY) news was published by Reuters.com which published an article titled: “BRIEF-Unity Bancorp reports 18 pct increase in quarterly net income” on October 25, 2016.

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By Darrin Black


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