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

First Seacoast Bancorp, Inc. (NASDAQ:FSEA) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 27,200 shares, a growth of 212.6% from the March 15th total of 8,700 shares. Based on an average daily volume of 11,400 shares, the short-interest ratio is currently 2.4 days. Approximately 0.7% of the company’s shares are short sold.

First Seacoast Bancorp Price Performance

NASDAQ:FSEA remained flat at $10.87 during trading hours on Wednesday. The company’s stock had a trading volume of 2,363 shares, compared to its average volume of 11,421. The stock has a fifty day simple moving average of $10.98 and a 200-day simple moving average of $10.03. First Seacoast Bancorp has a one year low of $8.30 and a one year high of $11.69. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $51.43 million, a P/E ratio of -5.75 and a beta of 0.06.

First Seacoast Bancorp (NASDAQ:FSEA) last announced its quarterly earnings data on Friday, March 21st. The company reported ($0.31) earnings per share (EPS) for the quarter. First Seacoast Bancorp had a negative net margin of 35.93% and a negative return on equity of 13.41%. The company had revenue of $3.35 million during the quarter.

Institutional Investors Weigh In On First Seacoast Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rangeley Capital LLC acquired a new position in First Seacoast Bancorp in the fourth quarter valued at approximately $131,000. Geode Capital Management LLC lifted its stake in shares of First Seacoast Bancorp by 36.1% in the 3rd quarter. Geode Capital Management LLC now owns 35,854 shares of the company’s stock worth $325,000 after acquiring an additional 9,507 shares during the period. Renaissance Technologies LLC grew its stake in shares of First Seacoast Bancorp by 80.7% during the 4th quarter. Renaissance Technologies LLC now owns 19,032 shares of the company’s stock worth $191,000 after purchasing an additional 8,500 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in First Seacoast Bancorp by 100.0% during the fourth quarter. Farther Finance Advisors LLC now owns 6,000 shares of the company’s stock worth $60,000 after purchasing an additional 3,000 shares during the last quarter. 38.38% of the stock is currently owned by institutional investors and hedge funds.

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.