Bank OZK (NASDAQ:OZKAP) Sees Large Drop in Short Interest

Bank OZK (NASDAQ:OZKAP) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 18,000 shares, a drop of 34.5% from the February 28th total of 27,500 shares. Based on an average daily volume of 30,100 shares, the days-to-cover ratio is presently 0.6 days.

Bank OZK Stock Performance

OZKAP stock traded down $0.31 during midday trading on Friday, reaching $16.35. 51,520 shares of the company’s stock traded hands, compared to its average volume of 30,854. The firm’s fifty day moving average price is $17.37 and its 200-day moving average price is $17.54. Bank OZK has a 52 week low of $15.11 and a 52 week high of $19.88.

Bank OZK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2891 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.07%.

About Bank OZK

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.