First Seacoast Bancorp (NASDAQ:FSEA) Sees Large Increase in Short Interest
First Seacoast Bancorp (NASDAQ:FSEA) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 13,300 shares, a growth of 11.8% from the June 30th total of 11,900 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.5% of the company’s stock are sold short.
A hedge fund recently bought a new stake in First Seacoast Bancorp stock. Alliancebernstein L.P. purchased a new position in shares of First Seacoast Bancorp (NASDAQ:FSEA) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,894 shares of the company’s stock, valued at approximately $96,000. Alliancebernstein L.P. owned approximately 0.26% of First Seacoast Bancorp as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.28% of the company’s stock.
Separately, ValuEngine upgraded First Seacoast Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 17th.
First Seacoast Bancorp (NASDAQ:FSEA) last released its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $3.58 million for the quarter.
About First Seacoast Bancorp
First Seacoast Bancorp operates as a holding company for First Seacoast Bank that provides various banking products and services. It offers various deposit accounts, including non-interest-bearing and interest-bearing checking accounts, savings accounts, money market accounts, and certificates of deposit for individuals and businesses.
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