Short Interest in First Seacoast Bancorp, Inc. (NASDAQ:FSEA) Drops By 16.3%

First Seacoast Bancorp, Inc. (NASDAQ:FSEA) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 8,700 shares, a drop of 16.3% from the February 28th total of 10,400 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 8,600 shares, the short-interest ratio is currently 1.0 days.

First Seacoast Bancorp Trading Down 3.0 %

Shares of FSEA traded down $0.36 during trading hours on Tuesday, hitting $11.30. 584 shares of the stock traded hands, compared to its average volume of 11,115. The business has a fifty day moving average of $10.77 and a 200-day moving average of $9.87. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $53.44 million, a PE ratio of -5.98 and a beta of 0.40. First Seacoast Bancorp has a 1-year low of $8.25 and a 1-year high of $11.65.

First Seacoast Bancorp (NASDAQ:FSEA) last issued its quarterly earnings results on Friday, March 21st. The company reported ($0.31) EPS for the quarter. First Seacoast Bancorp had a negative return on equity of 13.41% and a negative net margin of 35.93%. The business had revenue of $3.35 million for the quarter.

Institutional Trading of First Seacoast Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in FSEA. Farther Finance Advisors LLC raised its position in shares of First Seacoast Bancorp by 100.0% in the 4th quarter. Farther Finance Advisors LLC now owns 6,000 shares of the company’s stock valued at $60,000 after acquiring an additional 3,000 shares during the period. Renaissance Technologies LLC increased its stake in First Seacoast Bancorp by 80.7% in the fourth 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 in the last quarter. Geode Capital Management LLC raised its holdings in First Seacoast Bancorp by 36.1% in the third quarter. Geode Capital Management LLC now owns 35,854 shares of the company’s stock worth $325,000 after purchasing an additional 9,507 shares during the period. Rangeley Capital LLC bought a new position in shares of First Seacoast Bancorp during the fourth quarter worth $131,000. Finally, RBF Capital LLC acquired a new position in shares of First Seacoast Bancorp in the 3rd quarter valued at $363,000. Institutional investors own 38.38% of the company’s stock.

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.