Avidia Bancorp, Inc. authorized a share repurchase plan on August 4, 2026. No program size or duration was disclosed in the announcement. An authorization permits the company to buy back its own shares — it does not mean purchases have begun.
Short interest stands at 1.7% of free float, with 298,687 shares sold short and a cost to borrow of just 0.61%. At 2.9 days to cover, the short side is not under meaningful pressure. Buybacks reduce the share count over time, which can incrementally tighten the float available to borrow, but at current short levels the impact would be modest.
Across 183 comparable buyback authorizations among sector peers, shares moved an average of 1.15% over the following five trading days, with 65% moving in that direction.
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