Short Interest Worth Mentioning Today: Could Coastway Bancorp Incorporated (NASDAQ:CWAY) See a Reversal After Less Sellers Came In?

November 30, 2016 - By Vivian Park   ·   0 Comments

Short Interest Worth Mentioning Today: Could Coastway Bancorp Incorporated (NASDAQ:CWAY) See a Reversal After Less Sellers Came In?

The stock of Coastway Bancorp Incorporated (NASDAQ:CWAY) registered a decrease of 30.61% in short interest. CWAY’s total short interest was 3,400 shares in November as published by FINRA. Its down 30.61% from 4,900 shares, reported previously. With 1,200 shares average volume, it will take short sellers 3 days to cover their CWAY’s short positions. The short interest to Coastway Bancorp Incorporated’s float is 0.1%. About 12,560 shares traded hands or 109.51% up from the average. Coastway Bancorp Inc (NASDAQ:CWAY) has risen 15.70% since April 27, 2016 and is uptrending. It has outperformed by 10.48% the S&P500.

Coastway Bancorp, Inc. is a bank holding firm for Coastway Community Bank , which is a chartered stock savings bank. The company has a market cap of $62.76 million. The Company’s subsidiary, the Bank, provides a range of financial services to individuals, families and businesses throughout Rhode Island from over nine banking offices. It has a 17.77 P/E ratio. The Bank’s principal business consists of retail deposits from the general public in its market area and investing those deposits, together with funds generated from activities and borrowings, in one- to four-family residential real estate loans, other loans, home equity loans and lines of credit, commercial real estate loans, the United States small business administration (SBA) loans, commercial business loans, commercial construction loans and consumer loans.

Insitutional Activity: The institutional sentiment increased to 0.75 in Q2 2016. Its up 0.04, from 0.71 in 2016Q1. The ratio is positive, as 3 funds sold all Coastway Bancorp Inc shares owned while 4 reduced positions. 2 funds bought stakes while 3 increased positions. They now own 1.45 million shares or 17.33% less from 1.76 million shares in 2016Q1.
Seizert Cap Ptnrs Lc holds 0.02% or 44,582 shares in its portfolio. Manufacturers Life Ins Company The reported 139,155 shares or 0% of all its holdings. Bridgeway Cap Incorporated holds 10,213 shares or 0% of its portfolio. Endurance Wealth Inc accumulated 0.01% or 2,500 shares. Alliancebernstein Ltd Partnership holds 0% of its portfolio in Coastway Bancorp Inc (NASDAQ:CWAY) for 198,848 shares. Blackrock Fund Advsrs holds 0% of its portfolio in Coastway Bancorp Inc (NASDAQ:CWAY) for 801 shares. Moreover, Deutsche Financial Bank Ag has 0% invested in Coastway Bancorp Inc (NASDAQ:CWAY) for 21 shares. Mufg Americas Hldg has 690 shares for 0% of their US portfolio. Fj Capital Lc, a Virginia-based fund reported 70,000 shares. Vanguard Grp Inc Inc reported 80,053 shares or 0% of all its holdings. National Bank Of America De has 0% invested in the company for 1,277 shares. Blackrock Inv Management Ltd Liability reported 779 shares or 0% of all its holdings. Maltese Ltd Liability Corporation accumulated 458,099 shares or 0.71% of the stock. Morgan Stanley reported 121 shares or 0% of all its holdings. Hutchin Hill L P has 0.05% invested in the company for 127,600 shares.

Insider Transactions: Since June 13, 2016, the stock had 6 insider buys, and 0 sales for $70,435 net activity. Chace Malcolm G Jr bought $12,588 worth of Coastway Bancorp Inc (NASDAQ:CWAY) on Monday, June 13. Paul Debra M. bought $9,931 worth of stock or 740 shares. Lopresti Angelo P also bought $13,440 worth of Coastway Bancorp Inc (NASDAQ:CWAY) shares. Kydd Phillip bought $2,025 worth of Coastway Bancorp Inc (NASDAQ:CWAY) on Monday, September 12. DiSanto David P. had bought 1,820 shares worth $24,402.

CWAY Company Profile

Coastway Bancorp, Inc., incorporated on August 20, 2013, is a bank holding firm for Coastway Community Bank (the Bank), which is a chartered stock savings bank. The Company’s subsidiary, the Bank, provides a range of financial services to individuals, families and businesses throughout Rhode Island from over nine banking offices located in Providence County and Kent County, Rhode Island. The Bank’s principal business consists of retail deposits from the general public in its market area and investing those deposits, together with funds generated from activities and borrowings, in one- to four-family residential real estate loans, other loans, home equity loans and lines of credit, commercial real estate loans, the United States small business administration (SBA) loans, commercial business loans, commercial construction loans and consumer loans.

Another recent and important Coastway Bancorp Inc (NASDAQ:CWAY) news was published by Providencejournal.com which published an article titled: “Cranston’s Coastway Bancorp to become a publicly traded stock company” on January 15, 2014.

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By Vivian Park

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