Investors Bancorp (ISBC): Price Target and June Short Interest Disclosure

Investors Bancorp (ISBC) : Currently there are 5 street experts covering Investors Bancorp (ISBC) stock. The most bullish and bearish price target for the stock is $14 and $12 respectively for the short term. The average price target of all the analysts comes to $12.8. The estimated standard deviation from the target is $0.91.

Investors Bancorp (ISBC) encountered a drop of 17.5% or -2,006,523 shares in the short positions. The number dropped from 11,500,243 on June 15,2016 to 9,493,720 on June 30,2016. The final interest is 3% of the floated stock. The days to cover figure of 3 can be arrived using the average daily exchange of 3,414,183 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Investors Bancorp (NASDAQ:ISBC): stock turned positive on Thursday. Though the stock opened at $11.51, the bulls momentum made the stock top out at $11.54 level for the day. The stock recorded a low of $11.39 and closed the trading day at $11.5, in the green by 1.32%. The total traded volume for the day was 3,632,027. The stock had closed at $11.35 in the previous days trading.

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