Short Interest in ECB Bancorp, Inc. (NASDAQ:ECBK) Grows By 30.3%

ECB Bancorp, Inc. (NASDAQ:ECBK) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 9,900 shares, a growth of 30.3% from the December 15th total of 7,600 shares. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.1% of the company’s shares are short sold.

ECB Bancorp Trading Up 1.0 %

Shares of ECBK traded up $0.14 during mid-day trading on Friday, hitting $14.49. 2,466 shares of the company’s stock traded hands, compared to its average volume of 3,829. The business’s 50-day moving average price is $14.82 and its 200-day moving average price is $14.20. ECB Bancorp has a 1 year low of $11.39 and a 1 year high of $15.75. The firm has a market capitalization of $132.15 million, a P/E ratio of 37.15 and a beta of 0.72. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41.

ECB Bancorp (NASDAQ:ECBK) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $6.60 million for the quarter. ECB Bancorp had a net margin of 5.11% and a return on equity of 2.01%.

Hedge Funds Weigh In On ECB Bancorp

A number of institutional investors have recently added to or reduced their stakes in ECBK. Sachetta LLC increased its stake in shares of ECB Bancorp by 2.2% in the 3rd quarter. Sachetta LLC now owns 109,438 shares of the company’s stock worth $1,567,000 after acquiring an additional 2,333 shares in the last quarter. Eastern Bank purchased a new stake in shares of ECB Bancorp in the third quarter worth $229,000. Finally, Renaissance Technologies LLC increased its holdings in shares of ECB Bancorp by 3.7% during the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the company’s stock valued at $454,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors own 30.27% of the company’s stock.

ECB Bancorp Company Profile

ECB Bancorp, Inc operating as a holding company for Everett Co-operative Bank that provides various banking products and services. The company accepts various deposit products, including certificate of deposit accounts, IRAs, money market accounts, savings accounts, demand deposit accounts, and interest-bearing and noninterest-bearing checking accounts.