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

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OVLY. Barclays PLC lifted its position in shares of Oak Valley Bancorp by 122.8% during the third 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. Geode Capital Management LLC lifted its position in shares of Oak Valley Bancorp by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock worth $4,133,000 after buying an additional 3,646 shares in the last quarter. State Street Corp boosted its stake in shares of Oak Valley Bancorp by 0.6% in the 3rd quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after buying an additional 510 shares during the last quarter. Fourthstone LLC bought a new position in shares of Oak Valley Bancorp in the third quarter valued at approximately $295,000. Finally, FMR LLC grew its holdings in shares of Oak Valley Bancorp by 0.4% in the third quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock valued at $5,769,000 after acquiring an additional 842 shares in the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

Oak Valley Bancorp Stock Up 0.9 %

OVLY stock traded up $0.29 during midday trading on Thursday, reaching $31.26. 5,794 shares of the company’s stock traded hands, compared to its average volume of 12,366. The firm’s fifty day moving average price is $27.74 and its 200-day moving average price is $26.02. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $31.72. The company has a market cap of $261.33 million, a price-to-earnings ratio of 10.42 and a beta of 0.32.

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

Oak Valley Bancorp Company Profile

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.