Access National Corporation (NASDAQ:ANCX) Shorted Shares Increased By 10.45%

The stock of Access National Corporation (NASDAQ:ANCX) registered an increase of 10.45% in short interest. ANCX’s total short interest was 332,000 shares in April as published by FINRA. Its up 10.45% from 300,600 shares, reported previously. With 15,600 shares average volume, it will take short sellers 21 days to cover their ANCX’s short positions. The short interest to Access National Corporation’s float is 4.91%. The stock closed at $18.88 during the last session. It is down 3.97% since September 2, 2015 and is downtrending. It has underperformed by 9.03% the S&P500.

Access National Corporation is a bank holding company. The company has a market cap of $200.10 million. The Firm operates through its wholly owned subsidiary Access National Bank . It has 12.96 P/E ratio. The Bank offers a range of financial services and products and specializes in providing customized financial services to small and medium sized businesses, professionals and associated individuals.

The institutional sentiment decreased to 1.4 in Q3 2015. Its down 0.36, from 1.76 in 2015Q2. The ratio dropped, as 7 funds sold all Access National Corporation shares owned while 13 reduced positions. 9 funds bought stakes while 19 increased positions. They now own 7.18 million shares or 200.24% more from 2.39 million shares in 2015Q2.

Motley Fool Asset Management Llc holds 0.26% of its portfolio in Access National Corporation for 65,529 shares. Banc Funds Co Llc owns 129,764 shares or 0.16% of their US portfolio. Moreover, Maltese Capital Management Llc has 0.16% invested in the company for 70,000 shares. The Illinois-based Ativo Capital Management Llc has invested 0.14% in the stock. Gsa Capital Partners Llp, a United Kingdom-based fund reported 31,125 shares.

Out of 4 analysts covering Access National (NASDAQ:ANCX), 2 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Access National was the topic in 5 analyst reports since July 20, 2015 according to StockzIntelligence Inc. FBR Capital initiated the stock on March 31 with “Market Perform” rating.

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