ECB Bancorp, Inc. (NASDAQ:ECBK) Short Interest Down 27.8% in May

ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 12,200 shares, a decline of 27.8% from the April 30th total of 16,900 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 17,800 shares, the days-to-cover ratio is presently 0.7 days.

ECB Bancorp Stock Performance

Shares of NASDAQ ECBK traded up $0.22 during mid-day trading on Thursday, hitting $15.79. The stock had a trading volume of 17,213 shares, compared to its average volume of 10,615. The firm has a market cap of $142.55 million, a PE ratio of 33.60 and a beta of 0.56. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The company has a 50 day moving average of $15.83 and a two-hundred day moving average of $15.06. ECB Bancorp has a twelve month low of $12.15 and a twelve month high of $16.99.

ECB Bancorp (NASDAQ:ECBK - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.16 earnings per share for the quarter. ECB Bancorp had a net margin of 5.85% and a return on equity of 2.40%. The company had revenue of $6.92 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ECBK. Jane Street Group LLC purchased a new position in shares of ECB Bancorp during the 1st quarter valued at about $200,000. Northern Trust Corp increased its holdings in shares of ECB Bancorp by 22.0% during the 4th quarter. Northern Trust Corp now owns 30,464 shares of the company's stock valued at $452,000 after purchasing an additional 5,495 shares in the last quarter. Minerva Advisors LLC lifted its stake in shares of ECB Bancorp by 37.0% in the 1st quarter. Minerva Advisors LLC now owns 49,940 shares of the company's stock valued at $757,000 after purchasing an additional 13,500 shares during the period. Oppenheimer & Close LLC grew its position in ECB Bancorp by 10.9% during the first quarter. Oppenheimer & Close LLC now owns 61,007 shares of the company's stock valued at $924,000 after buying an additional 6,007 shares during the period. Finally, Castalian Partners LLC purchased a new position in ECB Bancorp in the fourth quarter valued at $1,279,000. 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.