Short Interest in Oak Valley Bancorp (CA) (NASDAQ:OVLY) Increases By 79.7%

Oak Valley Bancorp (CA) (NASDAQ:OVLY) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 100,518 shares, an increase of 79.7% from the June 15th total of 55,927 shares. Based on an average daily volume of 63,329 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.4% of the shares of the stock are sold short.

Oak Valley Bancorp Price Performance

Shares of OVLY opened at $34.39 on Friday. The firm’s 50 day moving average is $33.64 and its 200-day moving average is $32.88. The stock has a market capitalization of $289.22 million, a P/E ratio of 11.94 and a beta of 0.21. Oak Valley Bancorp has a 12-month low of $25.41 and a 12-month high of $35.97.

Oak Valley Bancorp (NASDAQ:OVLY) last released its earnings results on Tuesday, May 12th. The financial services provider reported $0.64 EPS for the quarter. Oak Valley Bancorp had a net margin of 24.80% and a return on equity of 11.99%. The business had revenue of $20.78 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in shares of Oak Valley Bancorp by 42.8% in the first quarter. Renaissance Technologies LLC now owns 35,375 shares of the financial services provider’s stock valued at $1,147,000 after buying an additional 10,602 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Oak Valley Bancorp by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 158,145 shares of the financial services provider’s stock worth $5,128,000 after acquiring an additional 15,865 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Oak Valley Bancorp by 1,578.7% during the 1st quarter. Kestra Advisory Services LLC now owns 23,519 shares of the financial services provider’s stock worth $763,000 after acquiring an additional 22,118 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Oak Valley Bancorp by 10.0% in the 4th quarter. Hsbc Holdings PLC now owns 23,513 shares of the financial services provider’s stock worth $716,000 after acquiring an additional 2,138 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Oak Valley Bancorp by 9.0% in the 4th quarter. AQR Capital Management LLC now owns 19,063 shares of the financial services provider’s stock worth $573,000 after acquiring an additional 1,582 shares during the last quarter. Institutional investors own 30.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

About Oak Valley Bancorp

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.