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

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

Oak Valley Bancorp Trading Down 0.3 %

NASDAQ:OVLY traded down $0.09 on Monday, reaching $29.61. 3,550 shares of the stock traded hands, compared to its average volume of 12,135. The company’s fifty day simple moving average is $29.34 and its 200 day simple moving average is $26.98. The company has a market capitalization of $247.51 million, a price-to-earnings ratio of 9.87 and a beta of 0.34. Oak Valley Bancorp has a 12 month low of $22.91 and a 12 month high of $32.24.

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

Institutional Investors Weigh In On Oak Valley Bancorp

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in Oak Valley Bancorp by 123.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 5,945 shares during the period. Fourthstone LLC purchased a new position in shares of Oak Valley Bancorp during the third quarter valued at approximately $295,000. Seizert Capital Partners LLC bought a new position in Oak Valley Bancorp during the third quarter valued at approximately $327,000. Barclays PLC boosted its holdings in Oak Valley Bancorp by 122.8% in the third 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 last quarter. Finally, Bank of New York Mellon Corp grew its position in Oak Valley Bancorp by 13.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 3,124 shares during the period. 30.86% of the stock is owned by hedge funds and other institutional investors.

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.