Short Interest of The Day: Today Bofi Holding Incorporated (NASDAQ:BOFI) Reported Decrease in Shorted Shares

November 28, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest of The Day: Today Bofi Holding Incorporated (NASDAQ:BOFI) Reported Decrease in Shorted Shares

The stock of Bofi Holding Incorporated (NASDAQ:BOFI) registered a decrease of 0.84% in short interest. BOFI’s total short interest was 22.46 million shares in November as published by FINRA. Its down 0.84% from 22.65M shares, reported previously. With 1.30M shares average volume, it will take short sellers 17 days to cover their BOFI’s short positions. The short interest to Bofi Holding Incorporated’s float is 40.37%. The stock increased 1.11% or $0.27 on November 25, hitting $24.67. BofI Holding, Inc. (NASDAQ:BOFI) has risen 31.29% since April 25, 2016 and is uptrending. It has outperformed by 25.28% the S&P500.

BofI Holding, Inc. is the holding firm for BofI Federal Bank (the Bank). The company has a market cap of $1.58 billion. The Bank is a diversified financial services company. It has a 13 P/E ratio. The Bank provides consumer and business banking products through its branchless, low-cost distribution channels and affinity partners.

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.17, from 1 in 2016Q1. The ratio improved, as 24 funds sold all BofI Holding, Inc. shares owned while 65 reduced positions. 19 funds bought stakes while 70 increased positions. They now own 58.06 million shares or 6.95% less from 62.39 million shares in 2016Q1.
The New York-based Metropolitan Life Insur Com Ny has invested 0.01% in BofI Holding, Inc. (NASDAQ:BOFI). Blackrock Mgmt Ltd Liability Corp accumulated 0.01% or 251,077 shares. Ellington Mngmt Gru Limited Com holds 10,300 shares or 0.25% of its portfolio. Next Financial Incorporated accumulated 0% or 156 shares. Creative Planning owns 129,150 shares or 0.02% of their US portfolio. Burney Company accumulated 0.09% or 72,904 shares. Fincl Bank Of Montreal Can last reported 0% of its portfolio in the stock. Da Davidson Com accumulated 0.01% or 14,079 shares. Fiera Cap has 489,448 shares for 0.05% of their US portfolio. Panagora Asset Mngmt accumulated 0.01% or 69,607 shares. Summit Creek Advisors Limited Liability Company last reported 590,096 shares in the company. First Republic Investment Mngmt Incorporated has 0% invested in the company for 15,671 shares. Raymond James & has 0% invested in the company for 56,510 shares. Gsa Prtnrs Llp holds 0.03% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 33,136 shares. Arizona State Retirement System reported 29,824 shares or 0.01% of all its holdings.

Insider Transactions: Since November 22, 2016, the stock had 0 insider buys, and 1 sale for $121,250 net activity. On Tuesday, November 22 the insider Allrich Theodore C sold $121,250.

BofI Holding, Inc. (NASDAQ:BOFI) Ratings Coverage

Out of 6 analysts covering Bofl Holding Inc (NASDAQ:BOFI), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Bofl Holding Inc has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, September 4 by Raymond James. As per Monday, November 23, the company rating was maintained by FBR Capital. The firm has “Buy” rating by DA Davidson given on Thursday, October 15. The stock of BofI Holding, Inc. (NASDAQ:BOFI) has “Buy” rating given on Thursday, October 15 by Sandler O’Neill. The rating was maintained by FBR Capital with “Outperform” on Friday, July 31. The firm has “Neutral” rating by DA Davidson given on Thursday, August 6.

BOFI Company Profile

BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding firm for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides consumer and business banking products through its branchless, low-cost distribution channels and affinity partners. The Bank has deposit and loan customers, including consumer and business checking, savings and time deposit accounts and financing for single family and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. The Bank distributes its deposit products through a range of retail distribution channels, and its deposits consist of demand, savings and time deposits accounts. The Bank distributes its loan products through its retail, correspondent and wholesale channels, and the loans the Bank retains are primarily first mortgages secured by single family real property and by multifamily real property. The Company’s mortgage-backed securities consist primarily of mortgage pass-through securities issued by government-sponsored entities and non-agency collateralized mortgage obligations and pass-through mortgage-backed securities issued by private sponsors.

More news for BofI Holding, Inc. (NASDAQ:BOFI) were recently published by: Fool.com, which released: “Despite Market’s Reaction, BofI Holding, Inc. Really Did Have a Great Quarter” on November 01, 2016. Fool.com‘s article titled: “BofI Holding, Inc. Stock Up 10% on Continued Strong Earnings” and published on August 03, 2016 is yet another important article.

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By Ruchi Gupta


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