ECB Bancorp, Inc. (NASDAQ:ECBK) Short Interest Up 44.3% in May

ECB Bancorp, Inc. (NASDAQ:ECBK - Get Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 17,600 shares, an increase of 44.3% from the May 15th total of 12,200 shares. Based on an average daily volume of 19,400 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company's stock are sold short.

Institutional Investors Weigh In On ECB Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted 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 buying an additional 5,495 shares during the period. Sachetta LLC increased its position in ECB Bancorp by 5.3% during the first quarter. Sachetta LLC now owns 115,270 shares of the company's stock valued at $1,746,000 after acquiring an additional 5,832 shares during the last quarter. Oppenheimer & Close LLC lifted its holdings in ECB Bancorp by 10.9% in the first quarter. Oppenheimer & Close LLC now owns 61,007 shares of the company's stock valued at $924,000 after acquiring an additional 6,007 shares during the period. Jane Street Group LLC purchased a new position in ECB Bancorp in the first quarter worth about $200,000. Finally, Minerva Advisors LLC boosted its position in ECB Bancorp by 37.0% in the first quarter. Minerva Advisors LLC now owns 49,940 shares of the company's stock worth $757,000 after purchasing an additional 13,500 shares during the last quarter. Hedge funds and other institutional investors own 30.27% of the company's stock.

ECB Bancorp Stock Down 0.8%

ECBK traded down $0.12 during trading on Monday, reaching $15.05. The stock had a trading volume of 17,762 shares, compared to its average volume of 11,086. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $135.87 million, a price-to-earnings ratio of 32.02 and a beta of 0.53. The stock's 50 day moving average is $15.88 and its two-hundred day moving average is $15.09. ECB Bancorp has a one year low of $12.36 and a one year high of $16.99.

ECB Bancorp (NASDAQ:ECBK - Get Free Report) last announced 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 during the quarter.

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.

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