Is Buying Evans Bancorp Inc (NYSEAMERICAN:EVBN), Having Lower Short Interest a Winning Strategy?

April 17, 2018 - By Michael Collier

Investors sentiment increased to 2.82 in 2017 Q4. Its up 0.82, from 2 in 2017Q3. It increased, as 6 investors sold Evans Bancorp, Inc. shares while 5 reduced holdings. 9 funds opened positions while 22 raised stakes. 2.51 million shares or 3.03% less from 2.59 million shares in 2017Q3 were reported.
Martingale Asset Management L P reported 6,701 shares. California State Teachers Retirement Sys, California-based fund reported 7,300 shares. Jcsd Cap Ltd Liability has invested 5.18% in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN). Bankshares Of America De reported 722 shares or 0% of all its holdings. Massachusetts-based Acadian Asset Mngmt Limited Liability Corporation has invested 0% in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN). Vanguard Group Inc reported 160,759 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa invested 0% of its portfolio in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN). Mendon Cap Advisors Corp holds 0.36% or 90,644 shares in its portfolio. Federated Incorporated Pa, a Pennsylvania-based fund reported 76 shares. Schwab Charles Invest accumulated 0% or 7,900 shares. Citigroup has 3,097 shares for 0% of their portfolio. Barclays Public Ltd Com reported 733 shares. Blackrock Inc reported 202,510 shares. Wellington Grp Llp holds 169,368 shares. Northern Trust Corporation reported 0% stake.

The stock of Evans Bancorp Inc (NYSEAMERICAN:EVBN) registered a decrease of 3.57% in short interest. EVBN’s total short interest was 21,600 shares in April as published by FINRA. Its down 3.57% from 22,400 shares, reported previously. With 12,400 shares average volume, it will take short sellers 2 days to cover their EVBN’s short positions. The short interest to Evans Bancorp Inc’s float is 0.47%.

The stock increased 0.11% or $0.05 during the last trading session, reaching $45.15. About 8,368 shares traded. Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) has risen 15.30% since April 17, 2017 and is uptrending. It has outperformed by 3.75% the S&P500.

Evans Bancorp, Inc. operates as the financial holding firm for Evans Bank, N.A. that provides a range of banking services and products to consumer and commercial clients in Western New York. The company has market cap of $216.16 million. It operates through two divisions, Banking Activities and Insurance Agency Activities. It has a 20.9 P/E ratio. The firm offers deposit products, which include checking and NOW accounts, savings accounts, and certificates of deposit.

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Institutional Positions Chart

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