Noteworthy Short Interest Filing: Oak Valley Bancorp CA (NASDAQ:OVLY) Shorts Decreased by 68.09% After Short Covering

November 25, 2016 - By Peter Erickson   ·   0 Comments

Noteworthy Short Interest Filing: Oak Valley Bancorp CA (NASDAQ:OVLY) Shorts Decreased by 68.09% After Short Covering

The stock of Oak Valley Bancorp CA (NASDAQ:OVLY) registered a decrease of 68.09% in short interest. OVLY’s total short interest was 1,500 shares in November as published by FINRA. Its down 68.09% from 4,700 shares, reported previously. With 1,500 shares average volume, it will take short sellers 1 days to cover their OVLY’s short positions. The short interest to Oak Valley Bancorp CA’s float is 0.02%. The stock 0.01% or $0 on November 25, hitting $11.57. It is down 23.14% since April 22, 2016 and is uptrending. It has outperformed by 17.73% the S&P500.

Oak Valley Bancorp is a bank holding company. The company has a market cap of $96.01 million. The Firm operates through its subsidiary, Oak Valley Community Bank . It has a 15.98 P/E ratio. The Bank operates in two primary business divisions: Retail Banking and Commercial Banking.

Insitutional Activity: The institutional sentiment is 1 in Q2 2016. Its the same as in 2016Q1. The ratio has no change, as 2 funds sold all Oak Valley Bancorp shares owned while 1 reduced positions. only 1 funds bought stakes while 2 increased positions. They now own 632,523 shares or 49.62% less from 1.26 million shares in 2016Q1.
Banc Funds Co Limited Liability has 454,589 shares for 0.26% of their US portfolio. Blackrock Fund has 0% invested in the company for 1,071 shares. Maltese Cap Management Limited Liability Co has 0.08% invested in the company for 63,200 shares. Vanguard Grp Inc Inc last reported 0% of its portfolio in the stock. Acadian Asset Ltd accumulated 35 shares or 0% of the stock. Tower Cap Ltd Limited Liability Company (Trc) holds 0% of its portfolio in Oak Valley Bancorp (NASDAQ:OVLY) for 435 shares. Natl Bank Of America Corporation De holds 2 shares or 0% of its portfolio. Blackrock Inv Mngmt Ltd Company has invested 0% of its portfolio in Oak Valley Bancorp (NASDAQ:OVLY). Federated Pa holds 463 shares or 0% of its portfolio. Mraz Amerine Associates reported 26,125 shares or 0.09% of all its holdings. Wells Fargo And Company Mn last reported 0% of its portfolio in the stock. Royal Bank & Trust Of Canada last reported 2,300 shares in the company.

Insider Transactions: Since June 1, 2016, the stock had 4 insider purchases, and 7 sales for $13,697 net activity. Another trade for 337 shares valued at $3,404 was sold by Martin Ronald C.. Another trade for 2,000 shares valued at $23,200 was made by Barton Don on Wednesday, November 16. Pelton Janet S bought $48,975 worth of Oak Valley Bancorp (NASDAQ:OVLY) on Wednesday, June 1. Gilbert James L bought $3,456 worth of stock or 343 shares. 182 shares with value of $1,829 were bought by Haidlen Thomas A on Thursday, August 11.

OVLY Company Profile

Oak Valley Bancorp, incorporated on April 1, 2008, is a bank holding company. The Firm operates through its subsidiary, Oak Valley Community Bank (the Bank). The Bank operates in two primary business divisions: Retail Banking and Commercial Banking. The Retail Banking segment offers a range of checking and savings accounts, including Negotiable Order of Withdrawal (NOW) accounts, money market accounts, overdraft protection, health savings accounts, certificates of deposit and Individual Retirement Accounts (IRA). The Retail Banking segment also offers real estate and home equity financing, as well as consumer, automobile and home improvement loans. The Commercial Banking segment offers a range of deposit and lending services to business customers. The Commercial Banking segment also offers various commercial loans for business, professional or agricultural needs. The commercial loans include loans for short-term working capital, operating lines of credit, equipment purchases, leasehold improvements, construction and commercial real estate acquisitions or refinancing. The Commercial Banking segment offers services to clients located in San Joaquin, Stanislaus, Tuolumne, Inyo and Mono Counties of California. The Bank offers business checking and savings accounts for its business customers.

Another recent and important Oak Valley Bancorp (NASDAQ:OVLY) news was published by Reuters.com which published an article titled: “BRIEF-Oak Valley Bancorp Q3 earnings per share $0.24” on October 22, 2016.

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By Peter Erickson

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