Texas Capital Bancshares (TCBI) has 3,170,658 shares of shorts outstanding as on August 15, 2016, with 9 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 3,197,693 shares. The stock has a decent trading volume of 345,201 shares daily. The marginal decrease in the short positions is by -0.9%, which amounts to -27,035 shares. Short positions are 7% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Texas Capital Bancshares (NASDAQ:TCBI): The stock opened at $51.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $51.34 for the day. The stock traded down to $50.52 during the day, due to lack of any buying support eventually closed down at $50.86 with a loss of -0.27% for the day. The stock had closed at $51.00 on the previous day. The total traded volume was 189,301 shares.
In a related news, The director, of Texas Capital Bancshares Inc/Tx, Rosenberg Steve had unloaded 982 shares at $45.09 per share in a transaction on April 22, 2016. The total value of transaction was $44,278. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Texas Capital Bancshares, Inc. is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). The Company offers loans, deposit accounts and other financial products and services. It offers a range of products and services oriented to the needs of its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums, real estate term and construction loans, mortgage finance lending, equipment leasing, treasury management services, wealth management and trust services and letters of credit. The Company provides a range of banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest bearing and non-interest bearing checking accounts; traditional money market and savings accounts; loans, and internet banking.