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

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

Southern California Bancorp Trading Down 0.5 %

Shares of BCAL traded down $0.07 on Monday, reaching $14.29. 36,890 shares of the company’s stock traded hands, compared to its average volume of 36,905. The stock’s 50 day simple moving average is $15.01 and its two-hundred day simple moving average is $15.34. The stock has a market cap of $263.36 million and a PE ratio of 10.28. Southern California Bancorp has a 52-week low of $12.16 and a 52-week high of $18.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Southern California Bancorp by 310.4% in the 4th quarter. Vanguard Group Inc. now owns 723,692 shares of the company’s stock worth $12,556,000 after buying an additional 547,360 shares during the last quarter. Mendon Capital Advisors Corp bought a new stake in Southern California Bancorp in the fourth quarter worth about $375,000. Citadel Advisors LLC purchased a new position in Southern California Bancorp in the fourth quarter valued at about $185,000. Kestra Advisory Services LLC bought a new position in shares of Southern California Bancorp during the 4th quarter valued at approximately $181,000. Finally, Northern Trust Corp bought a new position in shares of Southern California Bancorp during the 4th quarter valued at approximately $265,000. Institutional investors own 55.40% of the company’s stock.

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.