Investors Bancorp June 15th Short Interest Update

Investors Bancorp (NASDAQ:ISBC), A reduction of 474,600 shares or 4% was observed in the short interest of Investors Bancorp, Inc. The interest on June 15,2016 came in at 11,500,243 shares and as per the average daily trading of 2,599,369 shares, the days to cover are 4. The reduced interest is 3.7% of the floated shares. The data of May 31,2016 put the interest at 11,974,843 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Investors Bancorp (NASDAQ:ISBC): The stock opened at $11.33 on Friday but the bulls could not build on the opening and the stock topped out at $11.53 for the day. The stock traded down to $11.22 during the day, due to lack of any buying support eventually closed down at $11.25 with a loss of -5.22% for the day. The stock had closed at $11.87 on the previous day. The total traded volume was 7,161,609 shares.

The company shares have dropped -8.24% from its 1 Year high price. On Nov 9, 2015, the shares registered one year high at $13.13 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.67 and the 200 Day Moving Average price is recorded at $11.68.

Investors Bancorp (NASDAQ:ISBC) has tumbled 0.79% during the past week and has dropped 6.25% in the last 4 week period. The company has outperformed the S&P 500 by 0.85% in the past week but underperformed the index by 3.41% in the last 4 weeks.

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