ELMA closed the week at $24.20, down just over 1% for the five days and off a modest 0.2% on the final session — a quiet drift for a community bank that has been grinding higher over the past month, up roughly 2.5%.
The lending market tells the clearest story about this stock right now. Short interest is negligible — 300 shares, translating to just 0.026% of the free float as of the last confirmed print in mid-March. Borrow availability is completely unoccupied, with the lending pool sitting at 0% utilization across every session recorded through late April. That contrasts with a 52-week utilization peak of 95.4%, which suggests there have been brief, concentrated episodes of short positioning in the past year, but none currently active. Shorts have voted with their feet: this is not a stock where bears are building a case.
The borrowing cost data is stale — the most recent cost-to-borrow reading is from mid-February at 5.75%, reflecting a gradual drift higher from below 5% a year ago. Given the absence of any active short positioning, that rate is largely academic. Nothing in the lending setup points to stress.
The ORTEX short score of 29, last recorded in mid-March, sits in the lower third of the range and has been drifting sideways rather than trending in either direction. The score's utilization rank of 90 is eye-catching, but that reflects the historical episode of tight availability rather than current conditions — the live data shows an empty lending pool. Positioning, in short, looks quiet.
On the calendar, ELMA just posted Q1 results on April 24, with the stock slipping 1.2% on the day. That follows a more positive February earnings reaction, when the stock gained roughly 1% on the day and added nearly 11% over the following five sessions. The next scheduled event is July 24 — earnings are the primary catalyst to watch in the months ahead.
Dividend data is too dated to cite with confidence, with the most recent on record from April 2022. Analyst coverage data is absent for this OTC-traded community bank. For a name this thinly followed, the July earnings print and any regional banking sector developments are the variables worth tracking into the summer.
See the live data behind this article on ORTEX.
Open ELMA on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
