Equity Bancshares, Inc. (NYSE:EQBK) Short Interest Update

Key Points

• Equity Bancshares experienced a significant increase in short interest, rising by 39.1% in August, with a total of 219,600 shares sold short as of August 31st.
• The company's stock is currently down 0.5%, trading at $40.79, with a market cap of $783.98 million and a price-to-earnings ratio of 10.12.
• Analysts have recently upgraded Equity Bancshares' stock ratings, with reports elevating it from "sell" to "hold" and from "hold" to "strong-buy."

Equity Bancshares, Inc. (NYSE:EQBK - Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 219,600 shares, a growth of 39.1% from the August 15th total of 157,900 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 92,000 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily volume of 92,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.2% of the shares of the company are sold short.

Equity Bancshares Stock Down 0.5%

Equity Bancshares stock traded down $0.19 during mid-day trading on Tuesday, reaching $40.79. The company's stock had a trading volume of 64,584 shares, compared to its average volume of 83,245. Equity Bancshares has a 12-month low of $34.11 and a 12-month high of $50.85. The firm has a market capitalization of $783.98 million, a price-to-earnings ratio of 10.12 and a beta of 0.83. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EQBK shares. Wall Street Zen raised shares of Equity Bancshares from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Zacks Research raised shares of Equity Bancshares from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Equity Bancshares currently has a consensus rating of "Strong Buy".

About Equity Bancshares

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

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