Short Interest Update on Kearny Financial (KRNY)

Kearny Financial (KRNY) : Traders are negative on Kearny Financial (KRNY), as it has 4.8% of short positions outstanding compared to its float. The total shorts have reduced by -145,697 shares, which is a -3.4% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,4,269,128 to 4,123,431 shares. While the daily trading volume of the stock is 554,561, there are 7 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Kearny Financial (NASDAQ:KRNY): The stock opened at $13.62 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.68 for the day. The stock traded down to $13.57 during the day, due to lack of any buying support eventually closed down at $13.61 with a loss of -0.07% for the day. The stock had closed at $13.62 on the previous day. The total traded volume was 965,557 shares.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Kearny Financial Corp., Petermann Christopher had purchased shares worth of $13,530 in a transaction dated on August 18, 2016. A total of 1,000 shares were purchased at a price of $13.53 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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