Short Interest Update on Banc of California (BANC)

Banc of California (BANC) : The bears are holding on to their shorts in Accenture Plc with 9 more days remaining for them to cover their positions. The bearish positions have increased from 3,050,502 on Jul 29, 2016, to 3,234,782, on August 15, 2016. Daily, 365,819 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 184,280 shares, which is an increase of just 6%. The total short interest of 7.1% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Banc of California (NYSE:BANC): The stock opened at $22.31 on Wednesday but the bulls could not build on the opening and the stock topped out at $22.50 for the day. The stock traded down to $21.88 during the day, due to lack of any buying support eventually closed down at $21.95 with a loss of -1.61% for the day. The stock had closed at $22.31 on the previous day. The total traded volume was 347,027 shares.


In a related news, Sugarman Steven, (CEO AND CHAIRMAN OF BOARD) of Banc Of California, Inc., had purchased 338 shares on August 17, 2016. The total value of the transaction was $7,422. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Banc of California, Inc. is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank), The Palisades Group, LLC (The Palisades Group) and PTB Property Holdings, LLC (PTB). The Company engages in activities permissible for bank holding companies and in other activities that are financial in nature or incidental or complementary to activities that are financial in nature, primarily securities, insurance and merchant banking activities. The Bank offers a variety of financial services to meet the banking and financial needs of the communities it serves, with operations conducted through 37 banking offices, serving San Diego, Los Angeles, and Orange counties, California and 67 loan production offices in California, Arizona, Oregon, Virginia, Indiana, Maryland, Colorado, Idaho, and Nevada.

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