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

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

Institutional Trading of Southern California Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Southern California Bancorp during the third quarter worth $123,000. Empowered Funds LLC purchased a new position in Southern California Bancorp during the 3rd quarter worth $160,000. Rhumbline Advisers bought a new stake in shares of Southern California Bancorp in the 2nd quarter worth $166,000. Creekside Partners bought a new position in shares of Southern California Bancorp during the third quarter valued at about $190,000. Finally, Jane Street Group LLC bought a new position in shares of Southern California Bancorp during the third quarter valued at about $202,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Southern California Bancorp Trading Down 0.2 %

Shares of BCAL traded down $0.04 on Tuesday, reaching $17.85. The company’s stock had a trading volume of 11,789 shares, compared to its average volume of 63,153. Southern California Bancorp has a twelve month low of $12.30 and a twelve month high of $18.49. The firm has a fifty day moving average of $15.52 and a 200-day moving average of $14.67.

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.