FinWise Bancorp (NASDAQ:FINW – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 8,300 shares, a growth of 15.3% from the May 31st total of 7,200 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 15,600 shares, the days-to-cover ratio is presently 0.5 days.
Hedge Funds Weigh In On FinWise Bancorp
Large investors have recently added to or reduced their stakes in the company. US Bancorp DE bought a new position in FinWise Bancorp during the 4th quarter worth about $5,023,000. Vanguard Group Inc. grew its holdings in shares of FinWise Bancorp by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 376,802 shares of the company’s stock valued at $3,787,000 after acquiring an additional 24,457 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of FinWise Bancorp in the 1st quarter valued at about $164,000. Empowered Funds LLC grew its holdings in shares of FinWise Bancorp by 8.0% in the 1st quarter. Empowered Funds LLC now owns 18,936 shares of the company’s stock valued at $190,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Norden Group LLC grew its holdings in shares of FinWise Bancorp by 100.0% in the 1st quarter. Norden Group LLC now owns 28,400 shares of the company’s stock valued at $285,000 after acquiring an additional 14,200 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.
FinWise Bancorp Trading Down 0.6 %
Shares of FinWise Bancorp stock opened at $10.21 on Monday. The company has a market capitalization of $130.59 million, a PE ratio of 7.91 and a beta of 0.67. FinWise Bancorp has a 12 month low of $8.31 and a 12 month high of $14.98. The stock’s fifty day simple moving average is $10.38 and its 200 day simple moving average is $11.21.
About FinWise Bancorp
FinWise Bancorp operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers in Utah. The company offers various deposit products, including interest and noninterest bearing demand accounts, health savings account demand deposits, NOW and money market accounts, and checking and savings accounts, as well as time deposits and certificates of deposits.
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