Sterling Bancorp (NYSE:STL) encountered a drop of 0.1% or -7,243 shares in the short positions. The number dropped from 4,973,671 on May 31,2016 to 4,966,428 on June 15,2016. The final interest is 4% of the floated stock. The days to cover figure of 8 can be arrived using the average daily exchange of 585,272 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Sterling Bancorp (NYSE:STL): The stock opened at $15.65 on Friday but the bulls could not build on the opening and the stock topped out at $15.94 for the day. The stock traded down to $15.37 during the day, due to lack of any buying support eventually closed down at $15.40 with a loss of -7.67% for the day. The stock had closed at $16.68 on the previous day. The total traded volume was 1,970,896 shares.
The company shares have rallied 5.26% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $17.75 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $16.01 and the 200 Day Moving Average price is recorded at $15.73.
Sterling Bancorp (NYSE:STL) has tumbled 0.58% during the past week and has dropped 5.87% in the last 4 week period. The company has outperformed the S&P 500 by 1.07% in the past week but underperformed the index by 3.02% in the last 4 weeks.
Sterling Bancorp, formerly Provident New York Bancorp, is a holding company. The Company operates through its subsidiary, Sterling National Bank (SNB), which specializes in the delivery of service and solutions to business owners, their families, and consumers. SNB offers a range of commercial, business, and consumer banking products and services. The Bank primarily originates commercial real estate loans, and commercial and industrial loans. It also originates residential mortgage loans and consumer loans such as home equity lines of credit, homeowner loans and personal loans in market area. The Bank invests in government and agency securities, State and municipal securities, equities and mortgage-backed securities. SNB offers a range of deposit accounts with a range of interest rates and terms. As of September 30, 2014, the Company had over $7.3 billion in assets.