Astoria Financial Corporation (AF) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 2,764,033 to 2,530,751 shares, with 6 days to go before the expiry. The short open interest has decreased by -8.4%, amounting to a reduction of -233,282 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 2.8% of the float of the company. The average daily volume of the stock is 446,798 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Astoria Financial Corporation (NYSE:AF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.67 and $14.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.69, notching a gain of 0.27% for the day. The total traded volume was 878,574 . The stock had closed at $14.65 on the previous day.
In a related news, The (Executive Vice President), of Astoria Financial Corp, Edwards Brian T had unloaded 8,204 shares at $14.6 per share in a transaction on August 10, 2016. The total value of transaction was $119,778. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Companys principal business includes the operation of its wholly owned subsidiary, Astoria Bank. Astoria Banks business is attracting retail deposits from the general public and businesses and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, in multi-family and commercial real estate mortgage loans, one-to-four family, or residential, mortgage loans, and mortgage-backed securities. Astoria Bank also invests in consumer and other loans, the United States Government, Government agency and Government-sponsored enterprise (GSE), securities and other investments.