ECB Bancorp, Inc. (NASDAQ:ECBK) Sees Large Decline in Short Interest

ECB Bancorp, Inc. (NASDAQ:ECBK) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 5,100 shares, a decrease of 16.4% from the July 31st total of 6,100 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is presently 0.9 days.

ECB Bancorp Stock Performance

Shares of NASDAQ:ECBK traded up $0.30 during mid-day trading on Monday, reaching $13.87. 2,600 shares of the company traded hands, compared to its average volume of 5,816. The company’s 50 day moving average price is $13.18 and its 200-day moving average price is $12.79. The firm has a market cap of $127.84 million, a PE ratio of 28.31 and a beta of 0.79. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.32 and a quick ratio of 1.32. ECB Bancorp has a 52 week low of $9.82 and a 52 week high of $14.17.

ECB Bancorp (NASDAQ:ECBK) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $6.30 million during the quarter. ECB Bancorp had a return on equity of 2.14% and a net margin of 5.68%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ECB Bancorp stock. Renaissance Technologies LLC boosted its holdings in ECB Bancorp, Inc. (NASDAQ:ECBK) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,400 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.39% of ECB Bancorp worth $454,000 as of its most recent SEC filing. Institutional investors own 30.27% of the company’s stock.

ECB Bancorp Company Profile

ECB Bancorp, Inc operating as a holding company for Everett Co-operative Bank that provides various banking products and services. The company accepts various deposit products, including certificate of deposit accounts, IRAs, money market accounts, savings accounts, demand deposit accounts, and interest-bearing and noninterest-bearing checking accounts.