Short Interest in First Seacoast Bancorp (NASDAQ:FSEA) Rises By 10.8%

First Seacoast Bancorp (NASDAQ:FSEA) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 8,200 shares, an increase of 10.8% from the September 30th total of 7,400 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is currently 1.0 days.

In other news, Director Mark P. Boulanger bought 3,590 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of $8.93 per share, for a total transaction of $32,058.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Separately, ValuEngine upgraded shares of First Seacoast Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Shares of First Seacoast Bancorp stock traded down $0.05 during trading on Friday, reaching $9.15. 2,100 shares of the stock were exchanged, compared to its average volume of 4,317. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.65. First Seacoast Bancorp has a 1 year low of $8.74 and a 1 year high of $10.29. The stock’s fifty day moving average is $9.15.

About First Seacoast Bancorp

First Seacoast Bancorp operates as a holding company for First Seacoast Bank that provides various banking products and services. It offers various deposit accounts, including non-interest-bearing and interest-bearing checking accounts, savings accounts, money market accounts, and certificates of deposit for individuals and businesses.

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