Taking this into account, Stephens upgraded its Heritage Commerce Corp [HTBK] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “an Equal-weight”. Raymond James also remained covering HTBK and has decreased its forecast on October 31, 2022 with a “an Outperform” recommendation from previously “Strong buy” rating. Stephens started covering the stock on December 28, 2021. It rated HTBK as “an Overweight”.
Price Performance Review of HTBK
On Friday, Heritage Commerce Corp [NASDAQ:HTBK] saw its stock jump 0.98% to $10.32. Over the last five days, the stock has gained 6.50%. Heritage Commerce Corp shares have risen nearly 10.02% since the year began. Nevertheless, the stocks have risen 24.19% over the past one year. While a 52-week high of $11.27 was reached on 02/07/25, a 52-week low of $7.66 was recorded on 01/10/25. SMA at 50 days reached $9.78, while 200 days put it at $9.44.
Levels Of Support And Resistance For HTBK Stock
The 24-hour chart illustrates a support level at 10.18, which if violated will result in even more drops to 10.05. On the upside, there is a resistance level at 10.44. A further resistance level may holdings at 10.57. The Relative Strength Index (RSI) on the 14-day chart is 70.55, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.21%. Stochastics %K at 96.91% indicates the stock is a selling.
How much short interest is there in Heritage Commerce Corp?
A steep rise in short interest was recorded in Heritage Commerce Corp stocks on 2024-12-31, dropping by 87332.0 shares to a total of 0.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.94 million shares. There was a decline of -10.24%, which implies that there is a negative sentiment for the stock.
