Oak Valley Bancorp (NASDAQ:OVLY) Short Interest Update

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

Oak Valley Bancorp Stock Down 0.3 %

Shares of Oak Valley Bancorp stock traded down $0.10 during trading on Friday, reaching $29.70. The company’s stock had a trading volume of 21,541 shares, compared to its average volume of 12,169. Oak Valley Bancorp has a 52-week low of $22.91 and a 52-week high of $32.24. The firm’s 50-day moving average is $29.34 and its two-hundred day moving average is $26.96. The company has a market cap of $248.26 million, a price-to-earnings ratio of 9.90 and a beta of 0.34.

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

Institutional Trading of Oak Valley Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its holdings in Oak Valley Bancorp by 0.6% during the 3rd quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock valued at $2,295,000 after buying an additional 510 shares during the last quarter. FMR LLC raised its stake in shares of Oak Valley Bancorp by 0.4% during the third quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock valued at $5,769,000 after acquiring an additional 842 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Oak Valley Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 1,876 shares during the period. Bank of New York Mellon Corp increased its holdings in Oak Valley Bancorp by 13.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 3,124 shares during the period. Finally, Geode Capital Management LLC raised its position in Oak Valley Bancorp by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock valued at $4,133,000 after purchasing an additional 3,646 shares during the last quarter. 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.