Short Interest in ECB Bancorp, Inc. (NASDAQ:ECBK) Expands By 30.3%

ECB Bancorp, Inc. (NASDAQ:ECBK) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 9,900 shares, a growth of 30.3% from the December 15th total of 7,600 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 7,300 shares, the short-interest ratio is presently 1.4 days.

ECB Bancorp Stock Up 1.0 %

Shares of ECBK stock traded up $0.14 during mid-day trading on Friday, reaching $14.49. 2,466 shares of the company’s stock traded hands, compared to its average volume of 3,829. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. The company’s 50-day moving average price is $14.82 and its 200-day moving average price is $14.20. The company has a market cap of $132.15 million, a P/E ratio of 37.15 and a beta of 0.72. ECB Bancorp has a 12 month low of $11.39 and a 12 month high of $15.75.

ECB Bancorp (NASDAQ:ECBK) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $6.60 million during the quarter. ECB Bancorp had a return on equity of 2.01% and a net margin of 5.11%.

Hedge Funds Weigh In On ECB Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of ECBK. Eastern Bank bought a new position in ECB Bancorp in the third quarter valued at about $229,000. Sachetta LLC lifted its stake in shares of ECB Bancorp by 2.2% in the 3rd quarter. Sachetta LLC now owns 109,438 shares of the company’s stock worth $1,567,000 after purchasing an additional 2,333 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of ECB Bancorp by 3.7% in the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the company’s stock worth $454,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 30.27% of the company’s stock.

ECB Bancorp Company Profile

ECB Bancorp, Inc operating as a holding company for Everett Co-operative Bank that provides various banking products and services. The company accepts various deposit products, including certificate of deposit accounts, IRAs, money market accounts, savings accounts, demand deposit accounts, and interest-bearing and noninterest-bearing checking accounts.