Bank OZK (NASDAQ:OZKAP) Sees Significant Decline in Short Interest

Bank OZK (NASDAQ:OZKAP) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 16,250 shares, a drop of 42.6% from the June 30th total of 28,333 shares. Based on an average trading volume of 24,212 shares, the short-interest ratio is currently 0.7 days.

Bank OZK Stock Down 0.2%

Shares of NASDAQ OZKAP traded down $0.04 during midday trading on Thursday, reaching $16.45. 6,473 shares of the company’s stock were exchanged, compared to its average volume of 26,483. Bank OZK has a 52-week low of $15.76 and a 52-week high of $17.85. The business’s fifty day moving average price is $16.28 and its two-hundred day moving average price is $16.46.

Bank OZK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.2891 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.16 annualized dividend and a yield of 7.0%.

About Bank OZK

Bank OZK, formerly Bank of the Ozarks until its rebranding in 2018, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank has expanded through both organic growth and strategic acquisitions to serve clients across the Southeast, Southwest and select Northern markets. Its operations include a network of branches and loan production offices in states such as Arkansas, Alabama, Florida, Georgia, North Carolina, New York, Texas and California.

The bank’s core business centers on specialty lending, with a particular focus on commercial real estate financing.