Southern California Bancorp (NASDAQ:BCAL) Sees Significant Decline in Short Interest

Southern California Bancorp (NASDAQ:BCAL) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 367,700 shares, a drop of 9.8% from the October 31st total of 407,700 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 69,200 shares, the days-to-cover ratio is presently 5.3 days.

Southern California Bancorp Stock Performance

Shares of NASDAQ BCAL traded up $0.04 during midday trading on Monday, reaching $17.96. 21,282 shares of the company’s stock were exchanged, compared to its average volume of 63,234. The business’s fifty day moving average price is $15.46 and its two-hundred day moving average price is $14.64. The stock has a market capitalization of $577.68 million, a PE ratio of -224.25 and a beta of 0.74. Southern California Bancorp has a 52-week low of $12.30 and a 52-week high of $18.49.

Institutional Trading of Southern California Bancorp

Several hedge funds have recently added to or reduced their stakes in BCAL. ELCO Management Co. LLC increased its holdings in shares of Southern California Bancorp by 25.2% in the second quarter. ELCO Management Co. LLC now owns 26,748 shares of the company’s stock valued at $360,000 after buying an additional 5,380 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Southern California Bancorp by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 267,898 shares of the company’s stock worth $3,609,000 after acquiring an additional 6,266 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Southern California Bancorp during the third quarter worth about $123,000. Endeavour Capital Advisors Inc. raised its stake in shares of Southern California Bancorp by 0.8% in the second quarter. Endeavour Capital Advisors Inc. now owns 1,131,513 shares of the company’s stock valued at $15,241,000 after purchasing an additional 8,521 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its position in Southern California Bancorp by 8.8% in the second quarter. Hennessy Advisors Inc. now owns 124,000 shares of the company’s stock worth $1,670,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Southern California Bancorp Company Profile

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.