Bank OZK (NASDAQ:OZKAP) Sees Large Decrease in Short Interest

Bank OZK (NASDAQ:OZKAP) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 11,150 shares, a drop of 17.7% from the January 15th total of 13,555 shares. Based on an average daily trading volume, of 37,305 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 37,305 shares, the short-interest ratio is currently 0.3 days.

Bank OZK Trading Up 1.3%

NASDAQ OZKAP traded up $0.22 during trading on Tuesday, reaching $16.92. 32,656 shares of the company’s stock traded hands, compared to its average volume of 31,231. The company’s 50 day simple moving average is $16.59 and its two-hundred day simple moving average is $16.95. Bank OZK has a 12-month low of $15.69 and a 12-month high of $18.08.

Bank OZK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be paid a $0.2891 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 6.8%.

About Bank OZK

Bank OZK, formerly Bank of the Ozarks until its rebranding in 2018, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank has expanded through both organic growth and strategic acquisitions to serve clients across the Southeast, Southwest and select Northern markets. Its operations include a network of branches and loan production offices in states such as Arkansas, Alabama, Florida, Georgia, North Carolina, New York, Texas and California.

The bank’s core business centers on specialty lending, with a particular focus on commercial real estate financing.