William Penn Bancorporation (NASDAQ:WMPN) Short Interest Up 53.9% in May

William Penn Bancorporation (NASDAQ:WMPN) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 49,400 shares, an increase of 53.9% from the May 15th total of 32,100 shares. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 4.2 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Investors Weigh In On William Penn Bancorporation

Several hedge funds have recently modified their holdings of WMPN. Barclays PLC acquired a new stake in William Penn Bancorporation in the third quarter valued at about $151,000. Citigroup Inc. purchased a new position in shares of William Penn Bancorporation during the 3rd quarter worth approximately $36,000. Wittenberg Investment Management Inc. acquired a new stake in shares of William Penn Bancorporation in the 1st quarter valued at approximately $124,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of William Penn Bancorporation in the first quarter valued at approximately $48,000. 31.18% of the stock is owned by institutional investors and hedge funds.

William Penn Bancorporation Stock Performance

NASDAQ:WMPN opened at $11.86 on Friday. The company has a market cap of $111.96 million, a price-to-earnings ratio of 131.78 and a beta of -0.02. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. William Penn Bancorporation has a 52 week low of $9.66 and a 52 week high of $12.96. The company has a fifty day simple moving average of $12.08 and a two-hundred day simple moving average of $12.22.

William Penn Bancorporation (NASDAQ:WMPN) last announced its quarterly earnings data on Wednesday, April 17th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. William Penn Bancorporation had a net margin of 2.44% and a return on equity of 0.35%. The business had revenue of $8.89 million for the quarter, compared to analyst estimates of $4.70 million.

William Penn Bancorporation Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Monday, April 29th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, April 26th. William Penn Bancorporation’s dividend payout ratio is presently 133.33%.

About William Penn Bancorporation

William Penn Bancorporation operates as the holding company for William Penn Bank that provides retail and commercial banking products and related financial services in the United States. The company offers time, savings, money market, and demand deposits; certificates of deposit; and non-interest bearing and interest-bearing checking, as well as money market, NOW, savings and club, and individual retirement accounts.