Short Interest in First Seacoast Bancorp, Inc. (NASDAQ:FSEA) Grows By 212.6%

First Seacoast Bancorp, Inc. (NASDAQ:FSEA) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 27,200 shares, an increase of 212.6% from the March 15th total of 8,700 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Trading of First Seacoast Bancorp

A number of hedge funds have recently made changes to their positions in FSEA. Geode Capital Management LLC raised its stake in First Seacoast Bancorp by 36.1% in the 3rd quarter. Geode Capital Management LLC now owns 35,854 shares of the company’s stock valued at $325,000 after acquiring an additional 9,507 shares during the period. Farther Finance Advisors LLC raised its position in shares of First Seacoast Bancorp by 100.0% in the fourth 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. Rangeley Capital LLC bought a new position in shares of First Seacoast Bancorp in the fourth quarter valued at about $131,000. Finally, Renaissance Technologies LLC lifted its stake in shares of First Seacoast Bancorp by 80.7% during the 4th quarter. Renaissance Technologies LLC now owns 19,032 shares of the company’s stock worth $191,000 after buying an additional 8,500 shares during the last quarter. 38.38% of the stock is owned by institutional investors and hedge funds.

First Seacoast Bancorp Stock Down 0.2 %

FSEA traded down $0.02 on Tuesday, hitting $10.99. 1,737 shares of the company were exchanged, compared to its average volume of 11,433. 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 stock’s fifty day moving average is $10.97 and its 200-day moving average is $10.03. The company has a market cap of $51.99 million, a PE ratio of -5.81 and a beta of 0.06. First Seacoast Bancorp has a 12 month low of $8.30 and a 12 month high of $11.69.

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

First Seacoast Bancorp Company Profile

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.