Short Interest in Southern California Bancorp (NASDAQ:BCAL) Declines By 9.8%

Southern California Bancorp (NASDAQ:BCAL) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 367,700 shares, a decline of 9.8% from the October 31st total of 407,700 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average trading volume of 69,200 shares, the days-to-cover ratio is currently 5.3 days.

Southern California Bancorp Stock Down 0.2 %

Shares of NASDAQ BCAL traded down $0.04 during midday trading on Tuesday, reaching $17.85. The stock had a trading volume of 11,789 shares, compared to its average volume of 63,153. The company’s 50 day moving average price is $15.52 and its 200 day moving average price is $14.67. Southern California Bancorp has a twelve month low of $12.30 and a twelve month high of $18.49.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BCAL. SG Americas Securities LLC acquired a new position in shares of Southern California Bancorp during the third quarter valued at about $123,000. Empowered Funds LLC acquired a new position in Southern California Bancorp during the 3rd quarter worth approximately $160,000. Rhumbline Advisers bought a new position in Southern California Bancorp in the second quarter worth approximately $166,000. Creekside Partners acquired a new stake in Southern California Bancorp in the third quarter valued at approximately $190,000. Finally, Jane Street Group LLC bought a new stake in shares of Southern California Bancorp during the third quarter valued at approximately $202,000. 55.40% of the stock is owned by institutional investors and hedge funds.

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.