First Seacoast Bancorp, Inc. (NASDAQ:FSEA) Sees Significant Increase in Short Interest

First Seacoast Bancorp, Inc. (NASDAQ:FSEA - Get Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 19,100 shares, a growth of 122.1% from the January 31st total of 8,600 shares. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Seacoast Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in shares of First Seacoast Bancorp by 100.0% in the fourth quarter. Farther Finance Advisors LLC now owns 6,000 shares of the company's stock valued at $60,000 after buying an additional 3,000 shares in the last quarter. Rangeley Capital LLC acquired a new stake in First Seacoast Bancorp in the fourth quarter valued at $131,000. Renaissance Technologies LLC grew its position in shares of First Seacoast Bancorp by 80.7% in the 4th quarter. Renaissance Technologies LLC now owns 19,032 shares of the company's stock valued at $191,000 after acquiring an additional 8,500 shares during the period. Geode Capital Management LLC increased its stake in shares of First Seacoast Bancorp by 36.1% during the 3rd quarter. Geode Capital Management LLC now owns 35,854 shares of the company's stock worth $325,000 after purchasing an additional 9,507 shares during the last quarter. Finally, RBF Capital LLC bought a new stake in shares of First Seacoast Bancorp in the 3rd quarter valued at about $363,000. Institutional investors own 38.38% of the company's stock.

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First Seacoast Bancorp Price Performance

Shares of FSEA remained flat at $10.95 on Wednesday. The stock had a trading volume of 5,591 shares, compared to its average volume of 11,118. The firm has a market capitalization of $51.41 million, a P/E ratio of -5.79 and a beta of 0.40. First Seacoast Bancorp has a fifty-two week low of $8.05 and a fifty-two week high of $11.30. The business has a fifty day moving average price of $10.30 and a 200 day moving average price of $9.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.10.

About First Seacoast Bancorp

First Seacoast Bancorp, Inc operates as the holding company for First Seacoast Bank that provides commercial and consumer banking services for individuals and businesses. The company offers interest-bearing and non-interest-bearing checking, savings, and money market accounts, as well as time deposits.