Redwood Capital Bancorp (OTCMKTS:RWCB) Short Interest Update

Redwood Capital Bancorp (OTCMKTS:RWCB) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 353 shares, a growth of 169.5% from the April 15th total of 131 shares. Based on an average daily volume of 2,029 shares, the short-interest ratio is currently 0.2 days.

Redwood Capital Bancorp Trading Down 0.1%

Shares of Redwood Capital Bancorp stock traded down $0.02 during trading on Friday, reaching $32.60. The company’s stock had a trading volume of 14,575 shares, compared to its average volume of 2,705. The business’s fifty day moving average price is $31.29 and its 200-day moving average price is $29.59. Redwood Capital Bancorp has a one year low of $21.20 and a one year high of $33.47.

Redwood Capital Bancorp announced that its board has approved a stock repurchase program on Wednesday, April 1st that allows the company to buyback $1.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors 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.