ECB Bancorp, Inc. (NASDAQ:ECBK) Short Interest Up 15.2% in December

ECB Bancorp, Inc. (NASDAQ:ECBK) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 7,600 shares, a growth of 15.2% from the November 30th total of 6,600 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 7,700 shares, the short-interest ratio is presently 1.0 days.

ECB Bancorp Price Performance

ECBK stock traded down $0.12 during mid-day trading on Monday, hitting $14.78. 3,310 shares of the stock were exchanged, compared to its average volume of 7,057. The business has a fifty day moving average price of $15.04 and a 200 day moving average price of $14.03. ECB Bancorp has a 12 month low of $11.39 and a 12 month high of $15.75. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $134.76 million, a price-to-earnings ratio of 37.90 and a beta of 0.73.

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

Hedge Funds Weigh In On ECB Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in ECB Bancorp by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 36,400 shares of the company’s stock worth $454,000 after acquiring an additional 1,300 shares during the last quarter. Sachetta LLC lifted its position in ECB Bancorp by 2.2% in the third quarter. Sachetta LLC now owns 109,438 shares of the company’s stock valued at $1,567,000 after purchasing an additional 2,333 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of ECB Bancorp during the third quarter valued at approximately $229,000. 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.