Short Interest in First Seacoast Bancorp, Inc. (NASDAQ:FSEA) Rises By 212.6%

First Seacoast Bancorp, Inc. (NASDAQ:FSEA) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 27,200 shares, an increase of 212.6% from the March 15th total of 8,700 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 11,400 shares, the short-interest ratio is presently 2.4 days.

Hedge Funds Weigh In On First Seacoast Bancorp

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of First Seacoast Bancorp by 36.1% during the third quarter. Geode Capital Management LLC now owns 35,854 shares of the company’s stock worth $325,000 after purchasing an additional 9,507 shares in the last quarter. Renaissance Technologies LLC lifted its stake 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 acquiring an additional 8,500 shares during the period. Rangeley Capital LLC acquired a new stake in First Seacoast Bancorp during the 4th quarter worth about $131,000. Finally, Farther Finance Advisors LLC raised its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 38.38% of the company’s stock.

First Seacoast Bancorp Price Performance

NASDAQ:FSEA traded up $0.05 during trading hours on Thursday, reaching $10.92. The stock had a trading volume of 2,363 shares, compared to its average volume of 11,371. The company has a 50 day moving average price of $10.99 and a two-hundred day moving average price of $10.04. First Seacoast Bancorp has a 52 week low of $8.30 and a 52 week high of $11.69. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $51.68 million, a PE ratio of -5.78 and a beta of 0.06.

First Seacoast Bancorp (NASDAQ:FSEA) last released its quarterly earnings results on Friday, March 21st. The company reported ($0.31) EPS for the quarter. The company had revenue of $3.35 million during the quarter. First Seacoast Bancorp had a negative return on equity of 13.41% and a negative net margin of 35.93%.

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.