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

Southern California Bancorp (NASDAQ:BCAL) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 287,900 shares, a decline of 11.6% from the March 15th total of 325,700 shares. Based on an average daily volume of 38,100 shares, the days-to-cover ratio is currently 7.6 days. Currently, 2.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BCAL. Kestra Advisory Services LLC bought a new stake in Southern California Bancorp during the fourth quarter worth about $181,000. Citadel Advisors LLC purchased a new position in shares of Southern California Bancorp during the fourth quarter valued at approximately $185,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Southern California Bancorp in the 3rd quarter worth approximately $160,000. Northern Trust Corp purchased a new stake in shares of Southern California Bancorp in the 4th quarter worth approximately $265,000. Finally, Mendon Capital Advisors Corp bought a new position in Southern California Bancorp during the 4th quarter valued at approximately $375,000. 55.40% of the stock is currently owned by institutional investors.

Southern California Bancorp Price Performance

BCAL stock traded down $0.07 during midday trading on Monday, hitting $14.29. The stock had a trading volume of 36,890 shares, compared to its average volume of 36,905. The business has a 50-day moving average of $15.01 and a two-hundred day moving average of $15.34. The firm has a market cap of $263.36 million and a price-to-earnings ratio of 10.28. Southern California Bancorp has a 52-week low of $12.16 and a 52-week high of $18.00.

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.