Republic First Bancorp (NASDAQ:FRBK) reported a rise of 0.2% or 866 shares in its short interest. The short figure came in at 2.1% of the total floats. The average daily volume of 48,443 shares suggests that the days to cover 555,517 short positions, as on June 15,2016, will be 11. On May 31,2016, the short interest was 554,651 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Republic First Bancorp (NASDAQ:FRBK): The stock opened at $4.10 on Friday but the bulls could not build on the opening and the stock topped out at $4.16 for the day. The stock traded down to $3.91 during the day, due to lack of any buying support eventually closed down at $4.05 with a loss of -2.17% for the day. The stock had closed at $4.14 on the previous day. The total traded volume was 2,822,419 shares.
The company shares have rallied 17.05% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $4.84 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $4.34 and the 200 Day Moving Average price is recorded at $4.29.
Stocks of Republic First Bancorp (NASDAQ:FRBK) rallied by 3.32% during the past week but lost 8.37% on a 4-week basis. The company has outperformed the S&P 500 by 5.03% in the past week but underperformed the index by 5.6% in the last 4 weeks.
Republic First Bancorp, Inc. is a holding company for Republic First Bank (Republic or the Bank), which does business under the name Republic Bank. The Company offers a range of banking products and services, including consumer and commercial deposit accounts, checking accounts, interest-bearing demand accounts, money market accounts, certificates of deposit, savings accounts, sweep accounts, lockbox services and individual retirement accounts (and other traditional banking services), secured and unsecured commercial loans, real estate loans, construction and land development loans, automobile loans, home improvement loans, mortgages, home equity and overdraft lines of credit, and other products. The Companys community banking segment primarily encompasses the commercial loan and deposit activities of Republic, as well as consumer loan products in the areas surrounding its stores. Its primary service area consists of Greater Philadelphia and Southern New Jersey.