Short Interest in SR Bancorp, Inc. (NASDAQ:SRBK) Rises By 46.7%

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 29,200 shares, an increase of 46.7% from the February 13th total of 19,900 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 24,000 shares, the short-interest ratio is presently 1.2 days.

SR Bancorp Price Performance

SR Bancorp stock traded up $0.06 during midday trading on Wednesday, hitting $11.48. The company's stock had a trading volume of 13,927 shares, compared to its average volume of 24,902. The stock's 50-day moving average price is $12.02 and its 200-day moving average price is $11.49. The company has a market capitalization of $106.06 million, a PE ratio of 191.37 and a beta of 0.91. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.15. SR Bancorp has a 12 month low of $8.94 and a 12 month high of $12.76.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter. SR Bancorp had a net margin of 0.95% and a return on equity of 0.21%.

Institutional Investors Weigh In On SR Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in SR Bancorp by 30.7% in the 3rd quarter. Geode Capital Management LLC now owns 93,372 shares of the company's stock worth $1,041,000 after purchasing an additional 21,930 shares in the last quarter. Fourthstone LLC purchased a new position in shares of SR Bancorp in the third quarter worth approximately $756,000. Northern Trust Corp raised its holdings in shares of SR Bancorp by 34.3% during the fourth quarter. Northern Trust Corp now owns 18,592 shares of the company's stock valued at $221,000 after acquiring an additional 4,748 shares during the period. Finally, Mink Brook Asset Management LLC acquired a new position in SR Bancorp in the 4th quarter worth approximately $3,384,000. 24.70% of the stock is owned by institutional investors and hedge funds.

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About SR Bancorp

SR Bancorp, Inc operates as the holding company for Somerset Regal Bank that provides customary retail and commercial banking services to individuals, businesses, and local municipalities in the communities of Somerset, Middlesex, Hunterdon, and Essex counties in New Jersey. It offers deposit instruments, including noninterest-bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit.