Oak Valley Bancorp (NASDAQ:OVLY) Short Interest Down 49.3% in November

Oak Valley Bancorp (NASDAQ:OVLY) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 45,000 shares, a decline of 49.3% from the October 31st total of 88,700 shares. Based on an average trading volume of 11,400 shares, the short-interest ratio is presently 3.9 days. Currently, 0.7% of the shares of the stock are short sold.

Hedge Funds Weigh In On Oak Valley Bancorp

Institutional investors have recently modified their holdings of the business. Fourthstone LLC acquired a new stake in Oak Valley Bancorp in the third quarter valued at about $295,000. Seizert Capital Partners LLC bought a new position in shares of Oak Valley Bancorp in the third quarter worth about $327,000. Barclays PLC boosted its stake in shares of Oak Valley Bancorp by 122.8% in the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 8,471 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Oak Valley Bancorp by 13.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 3,124 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th.

Oak Valley Bancorp Trading Up 0.9 %

OVLY stock traded up $0.29 during mid-day trading on Thursday, hitting $31.26. The stock had a trading volume of 5,794 shares, compared to its average volume of 12,366. The firm has a fifty day simple moving average of $27.74 and a 200 day simple moving average of $26.02. The firm has a market capitalization of $261.33 million, a P/E ratio of 10.42 and a beta of 0.32. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $31.72.

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 (EPS) for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.38%. The business had revenue of $19.50 million for 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.