Bank of South Carolina Co. (NASDAQ:BKSC) Short Interest Update

Key Points

• Bank of South Carolina Co. experienced an 88.9% increase in short interest during August, with a total of 3,400 shares shorted by August 31st.
• The company announced a quarterly dividend increase to $0.21 per share, up from $0.19, translating to an annualized yield of 5.4%.
• Wall Street Zen has assigned a "sell" rating on Bank of South Carolina’s stock, indicating a bearish outlook from analysts.

Bank of South Carolina Co. (NASDAQ:BKSC - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,400 shares, a growth of 88.9% from the August 15th total of 1,800 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of Bank of South Carolina in a report on Sunday, May 18th. They set a "sell" rating on the stock.

Bank of South Carolina Price Performance

NASDAQ BKSC opened at $15.55 on Friday. The company has a market capitalization of $84.28 million, a PE ratio of 12.64 and a beta of 0.30. The company has a fifty day moving average of $15.23 and a 200 day moving average of $14.41. Bank of South Carolina has a 1 year low of $11.48 and a 1 year high of $16.00.

Bank of South Carolina Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 8th were issued a dividend of $0.21 per share. This is a boost from Bank of South Carolina's previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.4%. Bank of South Carolina's dividend payout ratio (DPR) is presently 63.16%.

Bank of South Carolina Company Profile

Bank of South Carolina Corporation operates as a bank holding company for The Bank of South Carolina that provides a range of financial products and services primarily in Charleston, Berkeley, and Dorchester counties of South Carolina. Its deposits include non-interest-bearing demand accounts, NOW accounts, money market accounts, time deposits, and savings accounts, as well as certificates of deposit.

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