Short Interest in First Seacoast Bancorp, Inc. (NASDAQ:FSEA) Decreases By 45.5%

First Seacoast Bancorp, Inc. (NASDAQ:FSEA) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 10,400 shares, a decline of 45.5% from the February 13th total of 19,100 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is currently 1.1 days.

First Seacoast Bancorp Trading Down 1.7 %

Shares of NASDAQ FSEA traded down $0.20 during mid-day trading on Friday, hitting $10.97. The stock had a trading volume of 624 shares, compared to its average volume of 10,886. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50 day moving average price of $10.46 and a two-hundred day moving average price of $9.71. The firm has a market cap of $51.48 million, a P/E ratio of -5.80 and a beta of 0.40. First Seacoast Bancorp has a 1 year low of $8.15 and a 1 year high of $11.30.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in First Seacoast Bancorp by 36.1% during the 3rd quarter. Geode Capital Management LLC now owns 35,854 shares of the company’s stock valued at $325,000 after purchasing an additional 9,507 shares during the period. RBF Capital LLC purchased a new position in First Seacoast Bancorp during the 3rd quarter valued at $363,000. Renaissance Technologies LLC increased its position in First Seacoast Bancorp by 80.7% during the 4th quarter. Renaissance Technologies LLC now owns 19,032 shares of the company’s stock valued at $191,000 after purchasing an additional 8,500 shares during the period. Rangeley Capital LLC purchased a new position in First Seacoast Bancorp during the 4th quarter valued at $131,000. Finally, Farther Finance Advisors LLC increased its position in First Seacoast Bancorp by 100.0% during the 4th quarter. Farther Finance Advisors LLC now owns 6,000 shares of the company’s stock valued at $60,000 after purchasing an additional 3,000 shares during the period. 38.38% of the stock is owned by hedge funds and other institutional investors.

About First Seacoast Bancorp

First Seacoast Bancorp, Inc operates as the holding company for First Seacoast Bank that provides commercial and consumer banking services for individuals and businesses. The company offers interest-bearing and non-interest-bearing checking, savings, and money market accounts, as well as time deposits.