Short Interest in Southern California Bancorp (NASDAQ:BCAL) Drops By 11.6%

Southern California Bancorp (NASDAQ:BCAL) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 287,900 shares, a drop of 11.6% from the March 15th total of 325,700 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 38,100 shares, the days-to-cover ratio is presently 7.6 days.

Institutional Investors Weigh In On Southern California Bancorp

Several large investors have recently added to or reduced their stakes in BCAL. Boothbay Fund Management LLC purchased a new stake in Southern California Bancorp in the 2nd quarter worth about $2,058,000. Alliancebernstein L.P. purchased a new stake in Southern California Bancorp in the 2nd quarter worth about $24,732,000. Navalign LLC purchased a new stake in Southern California Bancorp in the 3rd quarter worth about $319,000. Eclectic Associates Inc. ADV purchased a new stake in Southern California Bancorp in the 3rd quarter worth about $1,015,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Southern California Bancorp in the 3rd quarter worth about $160,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Southern California Bancorp Price Performance

Shares of Southern California Bancorp stock traded up $0.01 during trading hours on Tuesday, hitting $14.30. 11,941 shares of the company’s stock traded hands, compared to its average volume of 36,555. The stock has a market capitalization of $263.55 million and a price-to-earnings ratio of 10.27. Southern California Bancorp has a 12-month low of $12.16 and a 12-month high of $18.00. The company has a fifty day simple moving average of $15.01 and a 200-day simple moving average of $15.34.

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.