Oak Valley Bancorp (NASDAQ:OVLY) Short Interest Update

Oak Valley Bancorp (NASDAQ:OVLY) saw 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 short sold. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is currently 3.0 days.

Oak Valley Bancorp Price Performance

OVLY traded down $0.09 during midday trading on Monday, reaching $29.61. 3,550 shares of the company’s stock traded hands, compared to its average volume of 12,135. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $32.24. The firm has a fifty day moving average of $29.34 and a two-hundred day moving average of $26.98. The stock has a market capitalization of $247.51 million, a price-to-earnings ratio of 9.87 and a beta of 0.34.

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

Hedge Funds Weigh In On Oak Valley Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of OVLY. JPMorgan Chase & Co. lifted its holdings in Oak Valley Bancorp by 123.6% in the third quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock worth $286,000 after buying an additional 5,945 shares during the period. Fourthstone LLC bought a new position in shares of Oak Valley Bancorp in the 3rd quarter worth approximately $295,000. Seizert Capital Partners LLC purchased a new position in shares of Oak Valley Bancorp in the 3rd quarter valued at approximately $327,000. Barclays PLC boosted 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. Finally, Bank of New York Mellon Corp grew its stake in Oak Valley Bancorp by 13.5% in the second quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 3,124 shares during the period. Hedge funds and other institutional investors own 30.86% of the company’s stock.

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.