Could Ohio Valley Banc Corporation (NASDAQ:OVBC) Change Direction After Less Shorts?

February 17, 2018 - By Louis Casey

 Could Ohio Valley Banc Corporation (NASDAQ:OVBC) Change Direction After Less Shorts?

Investors sentiment decreased to 1.56 in 2017 Q3. Its down 7.77, from 9.33 in 2017Q2. It turned negative, as 3 investors sold Ohio Valley Banc Corp. shares while 6 reduced holdings. 3 funds opened positions while 11 raised stakes. 644,472 shares or 47.93% less from 1.24 million shares in 2017Q2 were reported.
Assetmark has 0% invested in Ohio Valley Banc Corp. (NASDAQ:OVBC). Royal National Bank Of Canada holds 0% in Ohio Valley Banc Corp. (NASDAQ:OVBC) or 276 shares. State Street accumulated 43,891 shares. Wells Fargo And Mn reported 6,526 shares or 0% of all its holdings. Tiaa Cref Inv Ltd Liability Corp has invested 0% in Ohio Valley Banc Corp. (NASDAQ:OVBC). Schwab Charles Invest Mngmt Inc holds 7,400 shares. Geode Capital Management Ltd Liability Co holds 25,350 shares. Bnp Paribas Arbitrage Sa reported 399 shares. Northern Trust Corp invested in 0% or 49,669 shares. Ny State Common Retirement Fund invested 0% in Ohio Valley Banc Corp. (NASDAQ:OVBC). Deutsche National Bank & Trust Ag reported 8,684 shares. Renaissance Technologies Limited Liability Company has invested 0% of its portfolio in Ohio Valley Banc Corp. (NASDAQ:OVBC). Vanguard Grp has 44,672 shares. Wesbanco State Bank has 0.19% invested in Ohio Valley Banc Corp. (NASDAQ:OVBC) for 97,711 shares. Ameritas Inv Inc owns 358 shares or 0% of their US portfolio.

The stock of Ohio Valley Banc Corporation (NASDAQ:OVBC) registered a decrease of 0.06% in short interest. OVBC’s total short interest was 180,800 shares in February as published by FINRA. Its down 0.06% from 180,900 shares, reported previously. With 4,000 shares average volume, it will take short sellers 45 days to cover their OVBC’s short positions. The short interest to Ohio Valley Banc Corporation’s float is 4.79%.

The stock increased 3.56% or $1.45 during the last trading session, reaching $42.15. About 11,125 shares traded or 111.86% up from the average. Ohio Valley Banc Corp. (NASDAQ:OVBC) has risen 53.39% since February 17, 2017 and is uptrending. It has outperformed by 36.69% the S&P500.

Ohio Valley Banc Corp. operates as the bank holding firm for The Ohio Valley Bank Company that provides commercial and consumer banking services and products. The company has market cap of $198.20 million. The firm operates through two divisions, Banking and Consumer Finance. It has a 26.29 P/E ratio. It accepts various deposit products, including checking, savings, time, and money market accounts, as well as individual retirement accounts, demand deposits, NOW accounts, and certificates of deposit.

More notable recent Ohio Valley Banc Corp. (NASDAQ:OVBC) news were published by: Streetinsider.com which released: “Ohio Valley Banc Corp (OVBC) Declares $0.21 Quarterly Dividend; 2.2% Yield” on December 05, 2017, also Prnewswire.com with their article: “Ohio Valley Banc Corp. Reports 4th Quarter and Fiscal Year Earnings” published on January 30, 2018, Prnewswire.com published: “Ohio Valley Banc Corp. Completes Acquisition Of Milton Bancorp, Inc.” on August 05, 2016. More interesting news about Ohio Valley Banc Corp. (NASDAQ:OVBC) were released by: Nasdaq.com and their article: “Ohio Valley Banc Corp. (OVBC) Ex-Dividend Date Scheduled for January 25, 2018” published on January 24, 2018 as well as Marketwatch.com‘s news article titled: “Ohio Valley Banc Corp.” with publication date: May 01, 2017.

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