Bancorp of New Jersey Inc (NYSEAMERICAN:BKJ) Sees Significant Growth in Short Interest

Bancorp of New Jersey Inc (NYSEAMERICAN:BKJ) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 13,300 shares, a growth of 10.8% from the May 30th total of 12,000 shares. Based on an average trading volume of 6,000 shares, the short-interest ratio is currently 2.2 days. Approximately 0.3% of the shares of the company are sold short.

BKJ opened at $13.71 on Tuesday. Bancorp of New Jersey has a 1-year low of $12.49 and a 1-year high of $17.95.

Bancorp of New Jersey (NYSEAMERICAN:BKJ) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.21 earnings per share for the quarter. The business had revenue of $6.52 million during the quarter.

Separately, TheStreet downgraded shares of YRC Worldwide from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th.

An institutional investor recently raised its position in Bancorp of New Jersey stock. Dimensional Fund Advisors LP grew its holdings in Bancorp of New Jersey Inc (NYSEAMERICAN:BKJ) by 20.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,846 shares of the financial services provider’s stock after acquiring an additional 7,352 shares during the period. Dimensional Fund Advisors LP owned 0.59% of Bancorp of New Jersey worth $558,000 as of its most recent SEC filing.

Bancorp of New Jersey Company Profile

Bancorp Of New Jersey, Inc operates as a bank holding company of Bank of New Jersey that provides various banking products and services to individuals, businesses, non-profit organizations, and governmental units. The company offers various deposit products, including interest and noninterest checking, passbook savings, and money market accounts; and time deposits, such as certificates of deposit and individual retirement accounts.

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