Southern California Bancorp (NASDAQ:BCAL - Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 362,300 shares, an increase of 6.5% from the December 15th total of 340,300 shares. Approximately 1.6% of the company's stock are sold short. Based on an average trading volume of 69,500 shares, the days-to-cover ratio is presently 5.2 days.
Hedge Funds Weigh In On Southern California Bancorp
A number of institutional investors have recently added to or reduced their stakes in BCAL. SG Americas Securities LLC acquired a new position in shares of Southern California Bancorp in the third quarter worth about $123,000. Empowered Funds LLC purchased a new position in shares of Southern California Bancorp during the 3rd quarter valued at approximately $160,000. Rhumbline Advisers bought a new position in Southern California Bancorp during the 2nd quarter valued at $166,000. Creekside Partners bought a new stake in shares of Southern California Bancorp in the 3rd quarter worth about $190,000. Finally, Jane Street Group LLC bought a new position in shares of Southern California Bancorp during the third quarter worth about $202,000. Institutional investors and hedge funds own 55.40% of the company's stock.
Southern California Bancorp Trading Up 0.6 %
NASDAQ:BCAL traded up $0.09 during trading hours on Monday, hitting $15.17. The stock had a trading volume of 40,888 shares, compared to its average volume of 54,760. The business has a 50 day simple moving average of $16.86 and a two-hundred day simple moving average of $15.40. Southern California Bancorp has a 1-year low of $12.30 and a 1-year high of $18.49. The company has a market cap of $488.02 million, a PE ratio of -189.63 and a beta of 1.12.
Southern California Bancorp Company Profile
(
Get Free Report)
Southern California Bancorp operates as the holding company for Bank of Southern California, N.A. that provides various financial products to individuals, professionals, and small-to medium-sized businesses. The company offers checking, personal and business savings, and money market accounts, as well as certificates of deposit.
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