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

Southern California Bancorp (NASDAQ:BCAL) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 407,700 shares, a decrease of 7.3% from the October 15th total of 439,600 shares. Based on an average trading volume of 71,200 shares, the days-to-cover ratio is currently 5.7 days. Approximately 1.8% of the company’s stock are sold short.

Institutional Investors Weigh In On Southern California Bancorp

Several hedge funds have recently bought and sold shares of BCAL. SG Americas Securities LLC bought a new stake in shares of Southern California Bancorp during the 3rd quarter worth about $123,000. Empowered Funds LLC bought a new position in Southern California Bancorp in the third quarter valued at approximately $160,000. Rhumbline Advisers acquired a new position in shares of Southern California Bancorp during the 2nd quarter worth $166,000. Creekside Partners acquired a new position in Southern California Bancorp during the third quarter worth about $190,000. Finally, Jane Street Group LLC acquired a new position in Southern California Bancorp during the 3rd quarter worth approximately $202,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Southern California Bancorp Trading Down 0.3 %

Shares of BCAL stock opened at $17.21 on Tuesday. The company has a fifty day moving average price of $14.84 and a two-hundred day moving average price of $14.38. Southern California Bancorp has a one year low of $12.30 and a one year high of $18.00.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods decreased their target price on shares of Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd.

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.