Great Western Bancorp (NYSE:GWB) stated loss of 403,202 shares or 13.7% in the short interest. The short interest registered from 2,947,160 on May 31,2016 to 2,543,958 on June 15,2016. In terms of floated shares, the shorted positions stood at 4.6%. The stock has been averaging 410,895 shares daily in trading and would need 6 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Great Western Bancorp (NYSE:GWB): The stock opened at $31.18 on Friday but the bulls could not build on the opening and the stock topped out at $31.73 for the day. The stock traded down to $30.86 during the day, due to lack of any buying support eventually closed down at $30.90 with a loss of -6.31% for the day. The stock had closed at $32.98 on the previous day. The total traded volume was 2,673,916 shares.
The company shares have rallied 27.63% from its 1 Year high price. On Jun 1, 2016, the shares registered one year high at $34.45 and the one year low was seen on Feb 18, 2016. The 50-Day Moving Average price is $32.55 and the 200 Day Moving Average price is recorded at $28.53.
Great Western Bancorp (NYSE:GWB) has tumbled 1.18% during the past week and has dropped 8.8% in the last 4 week period. The company has outperformed the S&P 500 by 0.46% in the past week but underperformed the index by 6.04% in the last 4 weeks.
Great Western Bancorp, Inc. is a full-service regional bank holding company focused on relationship-based business and agribusiness banking. The Bank serves its customers through 162 branches in attractive markets in seven states: South Dakota, Iowa, Nebraska, Colorado, Arizona, Kansas and Missouri. It focuses on business and agribusiness banking, complemented by retail banking and wealth management services. Its loan portfolio consists primarily of business loans, comprised of commercial and industrial, which it refer to as commercial non-real estate, and commercial real estate (CRE), loans, and agribusiness loans. As of June 30, 2014, its business and agribusiness loans collectively accounted for 85% of its total loan portfolio. It also provides a range of deposit and loan products to its retail customers through several channels, including its branch network, online banking system, mobile banking applications and customer care centers.