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

ECB Bancorp, Inc. (NASDAQ:ECBK) was the recipient of a significant growth in short interest in 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. Based on an average trading volume of 7,700 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the company’s shares are sold short.

ECB Bancorp Trading Down 0.8 %

Shares of ECB Bancorp stock traded down $0.12 during trading on Monday, reaching $14.78. 3,310 shares of the stock were exchanged, compared to its average volume of 7,057. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. The firm has a market cap of $134.76 million, a price-to-earnings ratio of 37.90 and a beta of 0.73. ECB Bancorp has a 1 year low of $11.39 and a 1 year high of $15.75. The stock’s fifty day moving average is $15.04 and its 200 day moving average is $14.03.

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

Institutional Trading of ECB Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased 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 valued at $454,000 after purchasing an additional 1,300 shares during the period. Sachetta LLC lifted its position 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 purchasing an additional 2,333 shares during the period. Finally, Eastern Bank bought a new stake in shares of ECB Bancorp during the 3rd quarter valued at about $229,000. Hedge funds and other 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.