Southern California Bancorp (NASDAQ:BCAL) Sees Significant Decrease in Short Interest

Southern California Bancorp (NASDAQ:BCAL) was the recipient of 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. Based on an average daily volume of 68,000 shares, the short-interest ratio is presently 4.8 days. Approximately 1.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BCAL. Destination Wealth Management acquired a new position in Southern California Bancorp during the third quarter worth $541,000. Barclays PLC increased its position in shares of Southern California Bancorp by 177.3% during the third quarter. Barclays PLC now owns 36,756 shares of the company’s stock worth $544,000 after acquiring an additional 23,499 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Southern California Bancorp by 105.9% during the third quarter. Geode Capital Management LLC now owns 542,147 shares of the company’s stock worth $8,020,000 after acquiring an additional 278,874 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Southern California Bancorp in the 3rd quarter worth about $202,000. Finally, State Street Corp lifted its position in Southern California Bancorp by 113.7% in the 3rd quarter. State Street Corp now owns 305,234 shares of the company’s stock valued at $4,514,000 after acquiring an additional 162,381 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Southern California Bancorp Stock Performance

Shares of NASDAQ BCAL traded down $0.13 during trading on Friday, hitting $17.61. 56,156 shares of the company traded hands, compared to its average volume of 63,023. The business’s fifty day moving average is $16.10 and its 200 day moving average is $14.89. The firm has a market capitalization of $566.43 million, a price-to-earnings ratio of -220.13 and a beta of 1.04. Southern California Bancorp has a fifty-two week low of $12.30 and a fifty-two week high of $18.49.

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.