Short Interest in Redwood Capital Bancorp (OTCMKTS:RWCB) Grows By ∞

Redwood Capital Bancorp (OTCMKTS:RWCB) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 8 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average daily trading volume, of 1,551 shares, the short-interest ratio is presently 0.0 days.

Redwood Capital Bancorp Stock Performance

Shares of OTCMKTS:RWCB opened at $32.00 on Thursday. The firm has a fifty day moving average price of $32.20 and a 200 day moving average price of $30.57. Redwood Capital Bancorp has a 1-year low of $22.20 and a 1-year high of $33.47.

Redwood Capital Bancorp declared that its Board of Directors has initiated a stock buyback plan on Wednesday, April 1st that authorizes the company to repurchase $1.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally 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.