Southern California Bancorp (NASDAQ:BCAL) Short Interest Up 6.5% in December

Southern California Bancorp (NASDAQ:BCAL) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 362,300 shares, a growth of 6.5% from the December 15th total of 340,300 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 69,500 shares, the days-to-cover ratio is presently 5.2 days.

Southern California Bancorp Stock Performance

Southern California Bancorp stock traded up $0.09 during trading hours on Friday, reaching $15.17. 40,888 shares of the company’s stock were exchanged, compared to its average volume of 54,760. Southern California Bancorp has a twelve month low of $12.30 and a twelve month high of $18.49. The firm’s 50 day simple moving average is $16.90 and its 200 day simple moving average is $15.38.

Institutional Investors Weigh In On Southern California Bancorp

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in shares of Southern California Bancorp by 22.0% in the fourth quarter. SG Americas Securities LLC now owns 10,163 shares of the company’s stock valued at $168,000 after buying an additional 1,833 shares in the last quarter. ELCO Management Co. LLC increased its stake in shares of Southern California Bancorp by 25.2% in the second quarter. ELCO Management Co. LLC now owns 26,748 shares of the company’s stock worth $360,000 after purchasing an additional 5,380 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Southern California Bancorp by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 267,898 shares of the company’s stock worth $3,609,000 after purchasing an additional 6,266 shares in the last quarter. Endeavour Capital Advisors Inc. grew its stake in Southern California Bancorp by 0.8% during the second quarter. Endeavour Capital Advisors Inc. now owns 1,131,513 shares of the company’s stock valued at $15,241,000 after acquiring an additional 8,521 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Southern California Bancorp during the third quarter worth about $160,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

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.