FSB Bancorp Inc (NASDAQ:FSBC) Short Interest Up 52.9% in June
FSB Bancorp Inc (NASDAQ:FSBC) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 2,600 shares, an increase of 52.9% from the May 30th total of 1,700 shares. Based on an average daily trading volume, of 1,100 shares, the short-interest ratio is presently 2.4 days. Approximately 0.2% of the shares of the stock are short sold.
An institutional investor recently bought a new position in FSB Bancorp stock. Howe & Rusling Inc. bought a new position in shares of FSB Bancorp Inc (NASDAQ:FSBC) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,741 shares of the company’s stock, valued at approximately $30,000. Howe & Rusling Inc. owned approximately 0.09% of FSB Bancorp at the end of the most recent quarter. 21.02% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:FSBC traded down $0.15 on Thursday, reaching $17.38. The stock had a trading volume of 700 shares, compared to its average volume of 3,001. FSB Bancorp has a 1-year low of $15.96 and a 1-year high of $19.33. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 1.83. The stock’s fifty day simple moving average is $17.89.
FSB Bancorp, Inc operates as the bank holding company for Fairport Savings Bank that provides various financial services to individuals and corporate customers in Monroe County, New York. The company accepts savings, negotiable order of withdrawal, money market, and individual retirement accounts, as well as certificates of deposit and non-interest-bearing demand deposits.
Further Reading: Oversold
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