On Deck Capital (NYSE:ONDK) encountered a rise of 0.8% or 49,811 shares in the short positions. The number escalated from 6,345,330 on May 31,2016 to 6,395,141 on June 15,2016. The final interest is 18.2% of the floated stock. The days to cover figure of 12 can be arrived using the average daily exchange of 530,898 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
On Deck Capital (NYSE:ONDK): The stock opened at $5.12 on Friday but the bulls could not build on the opening and the stock topped out at $5.40 for the day. The stock traded down to $5.05 during the day, due to lack of any buying support eventually closed down at $5.20 with a loss of -4.94% for the day. The stock had closed at $5.47 on the previous day. The total traded volume was 4,006,599 shares.
The company shares have dropped -54.55% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $14.90 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $4.98 and the 200 Day Moving Average price is recorded at $7.29.
On Deck Capital (NYSE:ONDK) has climbed 1.96% in the past week and advanced 4.42% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.65% and the outperformance has advanced to 7.58% for the last 4 weeks period.
On Deck Capital, Inc. is an online platform for small business lending. The Company aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Companys Website and, using its OnDeck Score, the Company makes a funding decision and transfers the funds. The Company offers two products to small businesses to access capital: term loans and lines of credit. The Companys end-to-end integrated platform includes the Companys Website, which allows small businesses to apply for a loan in minutes, around the clock; data and analytics engine, analyzes thousands of data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology, which offers seamless funding of loans, and daily and weekly collections and ongoing servicing system.