Axos Financial

AX

Axos Financial is a bank holding company based in San Diego, California and is the parent of Axos Bank, a direct bank. Approximately 72.2% of the company's loans are secured by properties in California, 9.47% are secured by properties in New York, and 5.11% are secured by properties in Florida.Axos Bank has deposit and loan customers nationwide including consumer and business checking, savings and time deposit accounts and financing for single family and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. The bank has made larger loans to wealthy individuals that other banks have turned down, albeit at higher interest rates.

Axos Financial has been a target of short sellers for a while. The current short interest of 5.33% is roughly at the average of the last 12 months (4.62%).