First US Bancshares Inc (NASDAQ:FUSB) Sees Significant Drop in Short Interest

First US Bancshares Inc (NASDAQ:FUSB) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 1,000 shares, a drop of 67.7% from the June 30th total of 3,100 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

First US Bancshares stock opened at $6.00 on Friday. First US Bancshares has a 12-month low of $5.18 and a 12-month high of $12.00. The stock has a market cap of $36.86 million, a P/E ratio of 11.32 and a beta of 1.50. The company has a 50-day moving average price of $6.61 and a 200 day moving average price of $8.19.

First US Bancshares (NASDAQ:FUSB) last released its quarterly earnings data on Monday, May 4th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $10.18 million during the quarter. First US Bancshares had a net margin of 7.54% and a return on equity of 4.24%.

Separately, ValuEngine upgraded shares of First US Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd.

A number of hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP boosted its stake in First US Bancshares by 3.4% during the first quarter. Wellington Management Group LLP now owns 82,037 shares of the financial services provider’s stock worth $503,000 after buying an additional 2,674 shares during the period. Renaissance Technologies LLC boosted its stake in shares of First US Bancshares by 13.7% in the fourth quarter. Renaissance Technologies LLC now owns 163,259 shares of the financial services provider’s stock valued at $1,895,000 after purchasing an additional 19,695 shares during the period. Greenleaf Trust purchased a new position in shares of First US Bancshares in the first quarter valued at approximately $123,000. Finally, Leavell Investment Management Inc. purchased a new position in shares of First US Bancshares in the second quarter valued at approximately $242,000. 18.09% of the stock is owned by institutional investors.

About First US Bancshares

First US Bancshares, Inc operates as the bank holding company for First US Bank that provides commercial banking products and services. The company accepts deposit products, such as non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits.

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