First Seacoast Bancorp, Inc. (NASDAQ:FSEA) Sees Large Increase in Short Interest

First Seacoast Bancorp, Inc. (NASDAQ:FSEA) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 19,100 shares, a growth of 122.1% from the January 31st total of 8,600 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 9,600 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On First Seacoast Bancorp

A number of institutional investors have recently made changes to their positions in FSEA. Farther Finance Advisors LLC boosted its position in First Seacoast Bancorp by 100.0% during the 4th quarter. Farther Finance Advisors LLC now owns 6,000 shares of the company’s stock valued at $60,000 after buying an additional 3,000 shares during the period. Rangeley Capital LLC purchased a new stake in First Seacoast Bancorp during the 4th quarter valued at $131,000. Renaissance Technologies LLC boosted its position in First Seacoast Bancorp by 80.7% during the 4th quarter. Renaissance Technologies LLC now owns 19,032 shares of the company’s stock valued at $191,000 after buying an additional 8,500 shares during the period. Geode Capital Management LLC boosted its position in First Seacoast Bancorp by 36.1% during the 3rd quarter. Geode Capital Management LLC now owns 35,854 shares of the company’s stock valued at $325,000 after buying an additional 9,507 shares during the period. Finally, RBF Capital LLC purchased a new stake in First Seacoast Bancorp during the 3rd quarter valued at $363,000. Hedge funds and other institutional investors own 38.38% of the company’s stock.

First Seacoast Bancorp Trading Up 1.4 %

Shares of First Seacoast Bancorp stock traded up $0.15 during trading on Friday, reaching $10.90. The company’s stock had a trading volume of 22,549 shares, compared to its average volume of 11,256. First Seacoast Bancorp has a 52-week low of $8.05 and a 52-week high of $11.30. The company has a market cap of $51.18 million, a price-to-earnings ratio of -5.77 and a beta of 0.42. The firm’s 50-day moving average is $10.27 and its two-hundred day moving average is $9.59. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.10.

About First Seacoast Bancorp

First Seacoast Bancorp, Inc operates as the holding company for First Seacoast Bank that provides commercial and consumer banking services for individuals and businesses. The company offers interest-bearing and non-interest-bearing checking, savings, and money market accounts, as well as time deposits.