Short Interest in Southern California Bancorp (NASDAQ:BCAL) Drops By 10.6%

Southern California Bancorp (NASDAQ:BCAL) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 328,700 shares, a decline of 10.6% from the November 15th total of 367,700 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 68,000 shares, the days-to-cover ratio is currently 4.8 days.

Southern California Bancorp Stock Performance

BCAL traded up $0.04 on Tuesday, reaching $17.72. The company had a trading volume of 2,304 shares, compared to its average volume of 62,710. Southern California Bancorp has a 52-week low of $12.30 and a 52-week high of $18.49. The company has a market cap of $569.96 million, a price-to-earnings ratio of -221.00 and a beta of 1.04. The business has a 50 day simple moving average of $16.17 and a 200 day simple moving average of $14.92.

Institutional Trading of Southern California Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Petiole USA ltd raised its holdings in shares of Southern California Bancorp by 130.1% during the 3rd quarter. Petiole USA ltd now owns 195,604 shares of the company’s stock valued at $2,893,000 after buying an additional 110,604 shares in the last quarter. MAI Capital Management purchased a new position in shares of Southern California Bancorp during the third quarter worth approximately $801,000. Keystone Wealth Services LLC bought a new stake in shares of Southern California Bancorp in the 3rd quarter worth approximately $617,000. Baker Avenue Asset Management LP bought a new stake in shares of Southern California Bancorp in the 3rd quarter worth approximately $1,052,000. Finally, Cerity Partners LLC purchased a new stake in shares of Southern California Bancorp in the 3rd quarter valued at $546,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Southern California Bancorp Company Profile

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.