Short Interest in Southern California Bancorp (NASDAQ:BCAL) Declines By 9.8%

Southern California Bancorp (NASDAQ:BCAL) was the recipient of a large 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. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 69,200 shares, the short-interest ratio is currently 5.3 days.

Institutional Investors Weigh In On Southern California Bancorp

Several hedge funds have recently bought and sold shares of the business. Fourthstone LLC increased its holdings in shares of Southern California Bancorp by 52.3% in the 3rd quarter. Fourthstone LLC now owns 2,696,523 shares of the company’s stock valued at $39,882,000 after purchasing an additional 925,904 shares during the period. Banc Funds Co. LLC lifted its position in Southern California Bancorp by 288.1% in the 3rd quarter. Banc Funds Co. LLC now owns 1,412,186 shares of the company’s stock worth $20,886,000 after buying an additional 1,048,281 shares in the last quarter. Endeavour Capital Advisors Inc. boosted its stake 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 buying an additional 8,521 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Southern California Bancorp by 193.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 785,115 shares of the company’s stock valued at $11,612,000 after buying an additional 517,217 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Southern California Bancorp by 105.9% during the 3rd quarter. Geode Capital Management LLC now owns 542,147 shares of the company’s stock valued at $8,020,000 after acquiring an additional 278,874 shares in the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Southern California Bancorp Price Performance

Shares of NASDAQ:BCAL opened at $17.92 on Friday. The company’s fifty day moving average is $15.46 and its two-hundred day moving average is $14.63. Southern California Bancorp has a 12-month low of $12.30 and a 12-month high of $18.49.

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.