SR Bancorp, Inc. (NASDAQ:SRBK – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 29,600 shares, a drop of 17.3% from the May 31st total of 35,800 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is presently 2.4 days.
SR Bancorp Stock Up 0.1 %
Shares of NASDAQ:SRBK opened at $9.25 on Monday. The company has a 50 day moving average of $9.16 and a 200-day moving average of $9.36. SR Bancorp has a twelve month low of $8.01 and a twelve month high of $10.00.
SR Bancorp (NASDAQ:SRBK – Get Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.12 EPS for the quarter. The firm had revenue of $8.78 million for the quarter.
Insider Activity at SR Bancorp
Institutional Trading of SR Bancorp
An institutional investor recently bought a new position in SR Bancorp stock. SeaCrest Wealth Management LLC purchased a new position in SR Bancorp, Inc. (NASDAQ:SRBK – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $234,000. SeaCrest Wealth Management LLC owned approximately 0.26% of SR Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 24.70% of the company’s stock.
About SR Bancorp
SR Bancorp, Inc operates as the holding company for Somerset Regal Bank that provides customary retail and commercial banking services to individuals, businesses, and local municipalities in the communities of Somerset, Middlesex, Hunterdon, and Essex counties in New Jersey. It offers deposit instruments, including noninterest-bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit.
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