The stock of Wellesley Bancorp Incorporated (NASDAQ:WEBK) registered a decrease of 36.17% in short interest. WEBK’s total short interest was 3,000 shares in September as published by FINRA. Its down 36.17% from 4,700 shares, reported previously. With 2,000 shares average volume, it will take short sellers 2 days to cover their WEBK’s short positions. The short interest to Wellesley Bancorp Incorporated’s float is 0.2%. The stock decreased 1.55% or $0.34 on September 28, hitting $21.63. Wellesley Bancorp Inc (NASDAQ:WEBK) has risen 16.60% since February 25, 2016 and is uptrending. It has outperformed by 5.34% the S&P500.
Wellesley Bancorp, Inc. is the holding firm for Wellesley Bank . The company has a market cap of $53.18 million. The Bank operates as a community-oriented financial institution offering traditional financial services to clients and businesses. It has a 16.52 P/E ratio. It attracts deposits from the general public and uses those funds to originate residential mortgage loans, commercial real estate loans and construction loans, and, to a lesser extent, commercial business loans, home equity lines of credit and other consumer loans.
Insitutional Activity: The institutional sentiment increased to 0.75 in 2016 Q2. Its up 0.25, from 0.5 in 2016Q1. The ratio increased, as 1 funds sold all Wellesley Bancorp Inc shares owned while 3 reduced positions. 1 funds bought stakes while 2 increased positions. They now own 146,620 shares or 10.73% less from 164,241 shares in 2016Q1.
Fj Capital Management Llc holds 0.2% of its portfolio in Wellesley Bancorp Inc for 51,000 shares. Howland Capital Management Llc owns 25,000 shares or 0.05% of their US portfolio. Moreover, Commonwealth Equity Services Inc has 0.01% invested in the company for 32,358 shares. The Michigan-based Seizert Capital Partners Llc has invested 0.01% in the stock. Alliancebernstein L.P., a New York-based fund reported 26,466 shares.
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