Redwood Capital Bancorp (OTCMKTS:RWCB) Short Interest Update

Redwood Capital Bancorp (OTCMKTS:RWCB) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 8 shares, a growth of ? from the May 31st total of 0 shares. Based on an average trading volume of 1,551 shares, the short-interest ratio is presently 0.0 days.

Redwood Capital Bancorp Price Performance

OTCMKTS RWCB opened at $32.00 on Friday. The firm’s fifty day simple moving average is $32.20 and its two-hundred day simple moving average is $30.59. Redwood Capital Bancorp has a 12-month low of $22.20 and a 12-month high of $33.47.

Redwood Capital Bancorp declared that its Board of Directors has initiated a stock buyback plan on Wednesday, April 1st that allows the company to buyback $1.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Redwood Capital Bancorp

Redwood Capital Bancorp is the bank holding company for Redwood Capital Bank FSB, a community-oriented financial institution headquartered in Santa Rosa, California. As a federally chartered savings bank, it provides a full range of deposit and lending products to individuals, small businesses, and professional clients, with a focus on personalized service and local decision-making.

The company’s deposit portfolio includes checking and savings accounts, money market funds, and certificates of deposit, all designed to meet the needs of both personal and commercial clients.