Redwood Capital Bancorp (OTCMKTS:RWCB) Short Interest Update

Redwood Capital Bancorp (OTCMKTS:RWCB) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 204 shares, a growth of 3,300.0% from the November 30th total of 6 shares. Based on an average trading volume of 2,866 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 2,866 shares, the short-interest ratio is currently 0.1 days.

Redwood Capital Bancorp Price Performance

Shares of OTCMKTS:RWCB opened at $28.50 on Friday. Redwood Capital Bancorp has a 12 month low of $20.41 and a 12 month high of $29.65. The stock’s 50 day moving average price is $27.98 and its 200 day moving average price is $25.69.

Redwood Capital Bancorp declared that its Board of Directors has authorized a stock buyback plan on Monday, September 22nd that permits the company to buyback $1.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Redwood Capital Bancorp Company Profile

Redwood Capital Bancorp is the bank holding company for Redwood Capital Bank FSB, a community-oriented financial institution headquartered in Santa Rosa, California. As a federally chartered savings bank, it provides a full range of deposit and lending products to individuals, small businesses, and professional clients, with a focus on personalized service and local decision-making.

The company’s deposit portfolio includes checking and savings accounts, money market funds, and certificates of deposit, all designed to meet the needs of both personal and commercial clients.