Could Unity Bancorp Inc (NASDAQ:UNTY) Go Down After Its Newest Short Interest Report?

March 14, 2018 - By Vivian Park

 Could Unity Bancorp Inc (NASDAQ:UNTY) Go Down After Its Newest Short Interest Report?

Investors sentiment increased to 2.38 in 2017 Q3. Its up 0.30, from 2.08 in 2017Q2. It improved, as 1 investors sold Unity Bancorp, Inc. shares while 7 reduced holdings. 5 funds opened positions while 14 raised stakes. 5.01 million shares or 0.28% more from 5.00 million shares in 2017Q2 were reported.
Morgan Stanley has invested 0% of its portfolio in Unity Bancorp, Inc. (NASDAQ:UNTY). Retail Bank Of America De invested 0% of its portfolio in Unity Bancorp, Inc. (NASDAQ:UNTY). Endicott Mngmt stated it has 7.72% in Unity Bancorp, Inc. (NASDAQ:UNTY). Nationwide Fund owns 4,088 shares. Kennedy Capital Mngmt owns 0.06% invested in Unity Bancorp, Inc. (NASDAQ:UNTY) for 161,808 shares. National Bank & Trust Of New York Mellon holds 0% or 31,826 shares in its portfolio. Geode Cap Limited Liability reported 81,910 shares. Dimensional Fund L P stated it has 0% of its portfolio in Unity Bancorp, Inc. (NASDAQ:UNTY). State Street Corp holds 0% or 74,741 shares in its portfolio. Tiaa Cref Inv Management Ltd Limited Liability Company holds 20,093 shares. 666 are held by Royal Savings Bank Of Canada. Banc Funds Limited Com holds 976,562 shares or 0.87% of its portfolio. Strs Ohio holds 0% or 2,200 shares. Renaissance Techs Ltd Limited Liability Company reported 28,901 shares. Alliancebernstein L P stated it has 164,479 shares.

Since December 13, 2017, it had 0 buys, and 1 sale for $101,675 activity.

The stock of Unity Bancorp Inc (NASDAQ:UNTY) registered a decrease of 9.46% in short interest. UNTY’s total short interest was 67,000 shares in March as published by FINRA. Its down 9.46% from 74,000 shares, reported previously. With 6,200 shares average volume, it will take short sellers 11 days to cover their UNTY’s short positions. The short interest to Unity Bancorp Inc’s float is 1.12%.

The stock increased 0.88% or $0.2 during the last trading session, reaching $22.9. About 2,977 shares traded. Unity Bancorp, Inc. (NASDAQ:UNTY) has risen 54.08% since March 14, 2017 and is uptrending. It has outperformed by 37.38% the S&P500.

Unity Bancorp Inc. operates as a bank holding firm for Unity Bank that provides a range of business and consumer financial services to individuals, small and medium sized businesses, and professional communities. The company has market cap of $244.51 million. The firm offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts. It has a 19.08 P/E ratio. It also provides commercial, small business administration, consumer, mortgage, home equity, and personal loans.

More notable recent Unity Bancorp, Inc. (NASDAQ:UNTY) news were published by: which released: “Unity Bancorp Declares Cash Dividend” on February 22, 2018, also with their article: “Unity Bancorp Inc (UNTY) Files 10-K for the Fiscal Year Ended on December 31, 2017” published on March 02, 2018, published: “Unity Bancorp Announces Completion of $15.0 Million Common Stock Offering” on December 08, 2016. More interesting news about Unity Bancorp, Inc. (NASDAQ:UNTY) were released by: and their article: “Unity Bancorp, Inc. (UNTY) Ex-Dividend Date Scheduled for September 14, 2017” published on September 13, 2017 as well as‘s news article titled: “Unity Bancorp, Inc. (UNTY) Ex-Dividend Date Scheduled for March 15, 2018” with publication date: March 14, 2018.

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