Follow The Short Interest: Wellesley Bancorp Incorporated (NASDAQ:WEBK)’s Trend Unknown, Especially After Increased Shorts

November 21, 2016 - By Dolores Ford   ·   0 Comments

Follow The Short Interest: Wellesley Bancorp Incorporated (NASDAQ:WEBK)’s Trend Unknown, Especially After Increased Shorts

The stock of Wellesley Bancorp Incorporated (NASDAQ:WEBK) registered an increase of 100% in short interest. WEBK’s total short interest was 6,000 shares in November as published by FINRA. Its up 100% from 3,000 shares, reported previously. With 1,300 shares average volume, it will take short sellers 5 days to cover their WEBK’s short positions. The short interest to Wellesley Bancorp Incorporated’s float is 0.39%. About 1,009 shares traded hands. Wellesley Bancorp Inc (NASDAQ:WEBK) has risen 23.54% since April 19, 2016 and is uptrending. It has outperformed by 19.68% the S&P500.

Wellesley Bancorp, Inc. is the holding firm for Wellesley Bank . The company has a market cap of $59.99 million. The Bank operates as a community-oriented financial institution offering traditional financial services to clients and businesses. It has a 18.44 P/E ratio. It attracts deposits from the general public and uses those funds to originate residential mortgage loans, commercial real estate loans and construction loans, and, to a lesser extent, commercial business loans, home equity lines of credit and other consumer loans.

Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.25, from 0.75 in 2016Q1. The ratio is positive, as 1 funds sold all Wellesley Bancorp Inc shares owned while 3 reduced positions. 1 funds bought stakes while 2 increased positions. They now own 146,620 shares or 10.73% less from 164,241 shares in 2016Q1.
Commonwealth Equity Inc accumulated 32,358 shares or 0.01% of the stock. Alliancebernstein Limited Partnership holds 26,466 shares or 0% of its portfolio. The New Jersey-based Blackrock Investment Ltd Co has invested 0% in Wellesley Bancorp Inc (NASDAQ:WEBK). Blackrock Fund Advsrs has 267 shares for 0% of their US portfolio. Howland Cap Mngmt Limited Company reported 25,000 shares or 0.05% of all its holdings. Seizert Capital Ltd Liability Corporation owns 11,026 shares or 0.01% of their US portfolio. Fj Management Ltd Liability has 51,000 shares for 0.2% of their US portfolio. National Bank & Trust Of America De accumulated 95 shares or 0% of the stock. Tower Capital Ltd Com (Trc) last reported 0% of its portfolio in the stock.

WEBK Company Profile

Wellesley Bancorp, Inc., incorporated on October 1, 2011, is the holding firm for Wellesley Bank (the Bank). The Bank operates as a community-oriented financial institution offering traditional financial services to clients and businesses in its market areas of Wellesley, Boston and the surrounding communities. It attracts deposits from the general public and uses those funds to originate residential mortgage loans, commercial real estate loans and construction loans, and, to a lesser extent, commercial business loans, home equity lines of credit and other consumer loans. In addition, it also provides investment management services for high net worth individuals, families, businesses, private partnerships, nonprofit organizations, foundations and trusts through its subsidiary, Wellesley Investment Partners, LLC.

More important recent Wellesley Bancorp Inc (NASDAQ:WEBK) news were published by: Prnewswire.com which released: “Wellesley Bancorp, Inc. Declares Quarterly Dividend” on November 16, 2016, also Prnewswire.com published article titled: “Wellesley Bancorp, Inc. Appoints Kathryn M. Hinderhofer As Director”, Prnewswire.com published: “Wellesley Bancorp, Inc. Appoints Simon R. Gerlin As Director” on January 27, 2016. More interesting news about Wellesley Bancorp Inc (NASDAQ:WEBK) was released by: Providencejournal.com and their article: “Cranston’s Coastway Bancorp to become a publicly traded stock company” with publication date: January 15, 2014.

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By Dolores Ford


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