Oak Valley Bancorp (NASDAQ:OVLY) Short Interest Update

Oak Valley Bancorp (NASDAQ:OVLY) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 33,100 shares, a drop of 19.9% from the November 30th total of 41,300 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 10,900 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Investors Weigh In On Oak Valley Bancorp

Several institutional investors have recently added to or reduced their stakes in OVLY. Bank of New York Mellon Corp grew its position in shares of Oak Valley Bancorp by 13.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock worth $656,000 after buying an additional 3,124 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Oak Valley Bancorp by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 95,508 shares of the financial services provider’s stock worth $2,384,000 after acquiring an additional 7,176 shares in the last quarter. Empowered Funds LLC increased its stake in Oak Valley Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock valued at $1,010,000 after purchasing an additional 1,876 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in Oak Valley Bancorp in the third quarter worth about $327,000. Finally, FMR LLC raised its holdings in Oak Valley Bancorp by 0.4% in the 3rd quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after acquiring an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Stock Down 1.2 %

Shares of NASDAQ OVLY traded down $0.36 during midday trading on Tuesday, reaching $29.25. The company had a trading volume of 6,256 shares, compared to its average volume of 12,111. The stock has a market cap of $244.50 million, a PE ratio of 9.75 and a beta of 0.34. Oak Valley Bancorp has a one year low of $22.91 and a one year high of $32.24. The firm’s fifty day moving average price is $29.40 and its 200-day moving average price is $27.02.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.89 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 14.38% and a net margin of 28.03%. The firm had revenue of $19.50 million during the quarter.

About Oak Valley Bancorp

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.