Umpqua Holdings Corporation (NASDAQ:UMPQ) stated loss of 207,397 shares or 1.8% in the short interest. The short interest registered from 11,377,007 on May 31,2016 to 11,169,610 on June 15,2016. In terms of floated shares, the shorted positions stood at 5.1%. The stock has been averaging 1,306,800 shares daily in trading and would need 9 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Umpqua Holdings Corporation (NASDAQ:UMPQ): The stock opened at $15.34 on Friday but the bulls could not build on the opening and the stock topped out at $15.87 for the day. The stock traded down to $15.14 during the day, due to lack of any buying support eventually closed down at $15.32 with a loss of -6.07% for the day. The stock had closed at $16.31 on the previous day. The total traded volume was 4,227,703 shares.
The company shares have dropped -14.37% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $18.89 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $15.49 and the 200 Day Moving Average price is recorded at $15.48.
Stocks of Umpqua Holdings Corporation (NASDAQ:UMPQ) rallied by 0.39% during the past week but lost 3.71% on a 4-week basis. The company has outperformed the S&P 500 by 2.06% in the past week but underperformed the index by 0.79% in the last 4 weeks.
Umpqua Holdings Corporation (Umpqua) is a financial holding company. The Company has two principal subsidiaries: Umpqua Bank (the Bank) and Umpqua Investments, Inc. (Umpqua Investments). Umpqua has two segments: Community Banking and Home Lending. Its Community Banking segment focuses on offering loan and deposit products to business and retail customers in its market areas. Its Community Banking segment operates over 380 locations in Oregon and Washington, among others. Its Home Lending segment operates as a division of the Bank, and originates, sells and services residential mortgage loans. The Bank is engaged in the business of commercial and retail banking, and the delivery of retail brokerage services. The Bank provides a range of banking, wealth management, mortgage banking and other financial services to corporate, institutional and individual customers. Umpqua Investments is a broker-dealer and investment advisor. Pivotus Ventures, Inc. is the subsidiary of the Company.