Southern California Bancorp (NASDAQ:BCAL) Short Interest Down 9.8% in November

Southern California Bancorp (NASDAQ:BCAL) was the recipient of a large drop in short interest in 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 shares of the stock are short sold. Based on an average trading volume of 69,200 shares, the days-to-cover ratio is presently 5.3 days.

Institutional Trading of Southern California Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. boosted 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 buying an additional 10,000 shares during the period. Bank of New York Mellon Corp bought a new stake in Southern California Bancorp in the 2nd quarter valued at about $461,000. Rhumbline Advisers bought a new position in shares of Southern California Bancorp in the second quarter worth $166,000. ELCO Management Co. LLC lifted its stake in Southern California Bancorp by 25.2% during the second quarter. ELCO Management Co. LLC now owns 26,748 shares of the company’s stock worth $360,000 after purchasing an additional 5,380 shares during the last quarter. Finally, Endeavour Capital Advisors Inc. grew its holdings in shares of Southern California Bancorp by 0.8% during the 2nd 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 during the last quarter. 55.40% of the stock is owned by institutional investors.

Southern California Bancorp Stock Up 0.2 %

NASDAQ:BCAL traded up $0.04 during trading hours on Monday, hitting $17.96. 21,282 shares of the stock were exchanged, compared to its average volume of 63,234. Southern California Bancorp has a twelve month low of $12.30 and a twelve month high of $18.49. The company has a market capitalization of $577.68 million, a P/E ratio of -224.25 and a beta of 0.74. The company’s 50 day moving average is $15.46 and its two-hundred day moving average is $14.64.

About Southern California Bancorp

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.