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

Southern California Bancorp (NASDAQ:BCAL) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 328,700 shares, a drop of 10.6% from the November 15th total of 367,700 shares. Based on an average trading volume of 68,000 shares, the short-interest ratio is currently 4.8 days. Approximately 1.5% of the company’s stock are sold short.

Southern California Bancorp Trading Down 0.7 %

Shares of BCAL traded down $0.13 during trading hours on Friday, reaching $17.61. 56,156 shares of the stock traded hands, compared to its average volume of 63,023. Southern California Bancorp has a 52 week low of $12.30 and a 52 week high of $18.49. The company has a market cap of $566.43 million, a price-to-earnings ratio of -220.13 and a beta of 1.04. The stock has a fifty day simple moving average of $16.10 and a 200 day simple moving average of $14.89.

Hedge Funds Weigh In On Southern California Bancorp

Several hedge funds have recently modified their holdings of BCAL. Hennessy Advisors Inc. grew its holdings in shares of Southern California Bancorp by 8.8% in the second quarter. Hennessy Advisors Inc. now owns 124,000 shares of the company’s stock valued at $1,670,000 after acquiring an additional 10,000 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Southern California Bancorp in the 2nd quarter valued at $461,000. Rhumbline Advisers purchased a new stake in shares of Southern California Bancorp during the 2nd quarter valued at $166,000. ELCO Management Co. LLC increased its position in shares of Southern California Bancorp by 25.2% during the 2nd quarter. ELCO Management Co. LLC now owns 26,748 shares of the company’s stock valued at $360,000 after purchasing an additional 5,380 shares during the last quarter. Finally, Endeavour Capital Advisors Inc. boosted its holdings in shares of Southern California Bancorp by 0.8% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 1,131,513 shares of the company’s stock worth $15,241,000 after buying an additional 8,521 shares during 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.