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Fly News Breaks for August 3, 2016
BOFI
Aug 3, 2016 | 08:55 EDT
FBR Capital analyst Bob Ramsay notes that short interest in BofI Holding is high at 22 days to cover. Bofi reported positive legal developments and signaled interest in share repurchases, Ramsay tells investors in a post-earnings research note. He believes a share buybacks could drive a short squeeze and views the stock as "very attractive" at current levels. The analyst reiterates an Outperform rating on Bofi with a $33 price target.
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