Short Interest: What’s Propelling Yadkin Financial Corporation (NYSE:YDKN) After Lower Shorts Reported?

November 22, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest: What’s Propelling Yadkin Financial Corporation (NYSE:YDKN) After Lower Shorts Reported?

The stock of Yadkin Financial Corporation (NYSE:YDKN) registered a decrease of 3.32% in short interest. YDKN’s total short interest was 1.26 million shares in November as published by FINRA. Its down 3.32% from 1.30M shares, reported previously. With 225,400 shares average volume, it will take short sellers 6 days to cover their YDKN’s short positions. The short interest to Yadkin Financial Corporation’s float is 2.51%. The stock increased 0.47% or $0.15 during the last trading session, hitting $31.89. Yadkin Financial Corp (NYSE:YDKN) has risen 27.61% since April 20, 2016 and is uptrending. It has outperformed by 23.06% the S&P500.

Yadkin Financial Corporation is a bank holding company. The company has a market cap of $1.69 billion. The Firm conducts its business through its subsidiary, Yadkin Bank, which is a chartered community bank that provides services in approximately 110 branches across North Carolina and South Carolina. It has a 25.93 P/E ratio. Yadkin Bank provides banking, mortgage, investment and insurance services to businesses and clients across the Carolinas.

Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.52, from 1.5 in 2016Q1. The ratio turned negative, as 9 funds sold all Yadkin Financial Corp shares owned while 33 reduced positions. 17 funds bought stakes while 46 increased positions. They now own 32.28 million shares or 48.08% less from 62.17 million shares in 2016Q1.
Finemark Commercial Bank & Tru holds 0% of its portfolio in Yadkin Financial Corp (NYSE:YDKN) for 186 shares. Monarch Ptnrs Asset Mngmt Ltd Limited Liability Company has invested 0.37% of its portfolio in Yadkin Financial Corp (NYSE:YDKN). Fmr Ltd holds 0% of its portfolio in Yadkin Financial Corp (NYSE:YDKN) for 615,920 shares. Banc Funds Ltd Limited Liability Company has 239,624 shares for 0.35% of their US portfolio. Alliancebernstein Ltd Partnership, a New York-based fund reported 165,886 shares. Westport Asset Mgmt has 0.58% invested in the company for 25,204 shares. Us National Bank De last reported 0% of its portfolio in the stock. Moreover, Invesco has 0% invested in Yadkin Financial Corp (NYSE:YDKN) for 37,327 shares. California Pub Employees Retirement System last reported 0.01% of its portfolio in the stock. Pinnacle Holding owns 833 shares or 0% of their US portfolio. Citigroup Incorporated has invested 0% of its portfolio in Yadkin Financial Corp (NYSE:YDKN). Creative Planning holds 10,185 shares or 0% of its portfolio. Bowen Hanes has invested 0.03% of its portfolio in Yadkin Financial Corp (NYSE:YDKN). Maltese Mgmt Lc reported 197,100 shares or 0.62% of all its holdings. Amer Gp Incorporated last reported 0% of its portfolio in the stock.

Yadkin Financial Corp (NYSE:YDKN) Ratings Coverage

Out of 6 analysts covering Yadkin Financial Corp (NYSE:YDKN), 0 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 0 are positive. Yadkin Financial Corp has been the topic of 13 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The stock of Yadkin Financial Corp (NYSE:YDKN) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Friday, July 22. Hovde Group downgraded it to “Market Perform” rating and $27.35 target price in Thursday, July 21 report. The firm earned “Market Perform” rating on Monday, December 7 by Hovde Group. Raymond James downgraded the stock to “Mkt Perform” rating in Friday, July 22 report. The firm earned “Overweight” rating on Wednesday, December 2 by Stephens. The stock has “Equal-Weight” rating given by Stephens on Wednesday, September 14. Hovde Group upgraded the stock to “Outperform” rating in Friday, January 8 report. The firm earned “Hold” rating on Thursday, May 26 by Gabelli. Raymond James downgraded the stock to “Outperform” rating in Thursday, December 17 report. The company was maintained on Monday, November 9 by Hovde Group.

YDKN Company Profile

Yadkin Financial Corporation, incorporated on March 2, 2006, is a bank holding company. The Firm conducts its business through its subsidiary, Yadkin Bank, which is a chartered community bank that provides services in approximately 110 branches across North Carolina and South Carolina. Yadkin Bank provides banking, mortgage, investment and insurance services to businesses and clients across the Carolinas. The Firm is engaged in providing general commercial banking and financial services to individuals and businesses located in North Carolina and South Carolina, and to clients in various states through its Small Business Administration (SBA) lending program.

More important recent Yadkin Financial Corp (NYSE:YDKN) news were published by: Bizjournals.com which released: “F.N.B. Corp. buying Yadkin Financial in $1.4B deal” on July 21, 2016, also Bloomberg.com published article titled: “North Carolina Bank Yadkin Financial Said to Explore Sale”, Forbes.com published: “Ex-Dividend Reminder: Yadkin Financial, International Business Machines and …” on November 04, 2016. More interesting news about Yadkin Financial Corp (NYSE:YDKN) was released by: Wsj.com and their article: “Yadkin Financial to Acquire NewBridge Bancorp” with publication date: October 13, 2015.

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By Ruchi Gupta


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