Bank of the Ozarks (NASDAQ:OZRK) stated gains of 710,438 shares or 3.7% in the short interest. The short interest registered from 19,076,823 on May 31,2016 to 19,787,261 on June 15,2016. In terms of floated shares, the shorted positions stood at 23.9%. The stock has been averaging 1,078,454 shares daily in trading and would need 18 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Bank of the Ozarks (NASDAQ:OZRK): The stock opened at $36.35 on Friday but the bulls could not build on the opening and the stock topped out at $37.17 for the day. The stock traded down to $35.91 during the day, due to lack of any buying support eventually closed down at $35.93 with a loss of -8.30% for the day. The stock had closed at $39.18 on the previous day. The total traded volume was 2,857,030 shares.
The company shares have dropped -21.28% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $54.96 and the one year low was seen on May 4, 2016. The 50-Day Moving Average price is $37.83 and the 200 Day Moving Average price is recorded at $42.01.
Bank of the Ozarks (NASDAQ:OZRK) has tumbled 2.15% during the past week and has dropped 8.11% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.53%. Bank of the Ozarks (NASDAQ:OZRK) has underperformed the index by 5.33% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Bank of the Ozarks, Inc. is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks. The Company provides a range of retail and commercial banking services. The Company provides mortgage lending, trust and wealth management services, treasury management services and online and mobile banking services. Deposit services include checking, savings, money market, time deposit and individual retirement accounts. Loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services. It also provides mortgage lending, treasury management services, remote deposit capture services, trust and wealth management services, real estate appraisals, ATMs, telephone banking, online and mobile banking services.