Bancorp of New Jersey Inc (NYSEAMERICAN:BKJ) Sees Significant Drop in Short Interest

Bancorp of New Jersey Inc (NYSEAMERICAN:BKJ) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 3,900 shares, a decline of 43.5% from the September 15th total of 6,900 shares. Based on an average trading volume of 29,800 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

A hedge fund recently bought a new stake in Bancorp of New Jersey stock. FNY Investment Advisers LLC acquired a new position in Bancorp of New Jersey Inc (NYSEAMERICAN:BKJ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,469 shares of the financial services provider’s stock, valued at approximately $201,000. FNY Investment Advisers LLC owned approximately 0.20% of Bancorp of New Jersey at the end of the most recent quarter.

Bancorp of New Jersey stock opened at $18.35 on Tuesday. Bancorp of New Jersey has a 12 month low of $12.49 and a 12 month high of $18.45.

Bancorp of New Jersey (NYSEAMERICAN:BKJ) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $6.53 million during the quarter.

About Bancorp of New Jersey

Bancorp Of New Jersey, Inc operates as a bank holding company of Bank of New Jersey that provides various banking products and services to individuals, businesses, non-profit organizations, and governmental units. The company offers various deposit products, including interest and noninterest checking, passbook savings, and money market accounts; and time deposits, such as certificates of deposit and individual retirement accounts.

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