Short Interest in Oak Valley Bancorp (NASDAQ:OVLY) Decreases By 19.9%

Oak Valley Bancorp (NASDAQ:OVLY) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 33,100 shares, a decrease of 19.9% from the November 30th total of 41,300 shares. Based on an average daily trading volume, of 10,900 shares, the short-interest ratio is presently 3.0 days. Currently, 0.5% of the shares of the stock are short sold.

Oak Valley Bancorp Price Performance

Shares of NASDAQ OVLY traded down $0.36 during mid-day trading on Tuesday, reaching $29.25. The company’s stock had a trading volume of 6,256 shares, compared to its average volume of 12,111. The stock has a fifty day moving average of $29.40 and a two-hundred day moving average of $27.02. The firm has a market capitalization of $244.50 million, a PE ratio of 9.75 and a beta of 0.34. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.89 EPS for the quarter. The business had revenue of $19.50 million for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.38%.

Institutional Investors Weigh In On Oak Valley Bancorp

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Oak Valley Bancorp by 123.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock worth $286,000 after buying an additional 5,945 shares in the last quarter. Fourthstone LLC purchased a new position in Oak Valley Bancorp during the third quarter worth $295,000. Seizert Capital Partners LLC bought a new position in Oak Valley Bancorp during the third quarter valued at $327,000. Barclays PLC boosted its stake in shares of Oak Valley Bancorp by 122.8% during the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 8,471 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Oak Valley Bancorp by 13.5% during the second quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock valued at $656,000 after buying an additional 3,124 shares during the period. Institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.