Umpqua Holdings Corporation (UMPQ) : 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 11,116,780 to 9,175,528 shares, with 7 days to go before the expiry. The short open interest has decreased by -17.5%, amounting to a reduction of -1,941,252 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 4.2% of the float of the company. The average daily volume of the stock is 1,284,255 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Umpqua Holdings Corporation (NASDAQ:UMPQ): The stock was completely flat for the day, closing at $15.99 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $16.03, the stock touched an intraday high of $16.10 and a low of $15.81. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $15.99. The total trading volume on Wednesday was 719,714.
In a related news, Davis Raymond P, director officer (President & CEO) of Umpqua Holdings Corp, unloaded 14,700 shares at an average price of $17.2 on October 29, 2015. The total amount of the transaction was worth $252,840, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Umpqua Holdings Corporation (Umpqua) is a financial holding company. The Company has two principal subsidiaries: Umpqua Bank (the Bank) and Umpqua Investments, Inc. (Umpqua Investments). Umpqua has two segments: Community Banking and Home Lending. Its Community Banking segment focuses on offering loan and deposit products to business and retail customers in its market areas. Its Community Banking segment operates over 380 locations in Oregon and Washington, among others. Its Home Lending segment operates as a division of the Bank, and originates, sells and services residential mortgage loans. The Bank is engaged in the business of commercial and retail banking, and the delivery of retail brokerage services. The Bank provides a range of banking, wealth management, mortgage banking and other financial services to corporate, institutional and individual customers. Umpqua Investments is a broker-dealer and investment advisor. Pivotus Ventures, Inc. is the subsidiary of the Company.