Short Interest in Equity Bancshares, Inc. (NYSE:EQBK) Expands By 39.1%

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) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 219,600 shares, an increase of 39.1% from the August 15th total of 157,900 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 92,000 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily trading volume, of 92,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Zacks Research upgraded Equity Bancshares from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Wall Street Zen upgraded Equity Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Equity Bancshares Stock Down 1.4%

Shares of Equity Bancshares stock traded down $0.58 during trading hours on Friday, hitting $41.95. The company's stock had a trading volume of 348,609 shares, compared to its average volume of 80,089. Equity Bancshares has a 12 month low of $34.11 and a 12 month high of $50.85. The company has a market capitalization of $806.28 million, a P/E ratio of 10.41 and a beta of 0.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.92.

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.