Bancorp of New Jersey Inc (NYSEAMERICAN:BKJ) Short Interest Increased By 193.33%

May 17, 2018 - By Margaret Downey

Bancorp Of New Jersey, Inc. (NYSEAMERICAN:BKJ) Logo

The stock of Bancorp of New Jersey Inc (NYSEAMERICAN:BKJ) registered an increase of 193.33% in short interest. BKJ’s total short interest was 13,200 shares in May as published by FINRA. Its up 193.33% from 4,500 shares, reported previously. With 1,500 shares average volume, it will take short sellers 9 days to cover their BKJ’s short positions. The short interest to Bancorp of New Jersey Inc’s float is 0.29%.

The stock increased 0.29% or $0.05 during the last trading session, reaching $17.15. About 14,831 shares traded or 280.28% up from the average. Bancorp Of New Jersey, Inc. (NYSEAMERICAN:BKJ) has risen 31.49% since May 17, 2017 and is uptrending. It has outperformed by 19.94% the S&P500.

Bancorp of New Jersey, Inc. operates as a bank holding firm of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The company has market cap of $119.16 million. The firm offers various deposit products, including interest and noninterest checking, passbook savings, and money market accounts; and savings, demand, and money market deposits, as well as time deposits, such as certificates of deposit and individual retirement accounts. It has a 31.76 P/E ratio. It also provides commercial construction, line of credit, and commercial mortgage loans for providing working capital primarily for construction, financing the purchase of an income producing property, purchase of equipment or inventory, and other business purposes; commercial real estate loans comprising loans secured by commercial or residential real property, and loans for the construction of commercial or residential investment property; and commercial and consumer loans, and home equity loans.

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