Short Interest in SR Bancorp, Inc. (NASDAQ:SRBK) Drops By 17.3%

SR Bancorp, Inc. (NASDAQ:SRBK) was the target of a significant drop in short interest in 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. Based on an average trading volume of 12,300 shares, the short-interest ratio is currently 2.4 days. Approximately 0.4% of the company’s stock are sold short.

SR Bancorp Price Performance

Shares of NASDAQ:SRBK traded up $0.01 during midday trading on Friday, hitting $9.25. The stock had a trading volume of 38,942 shares, compared to its average volume of 14,476. SR Bancorp has a 12 month low of $8.01 and a 12 month high of $10.00. The business’s 50-day simple moving average is $9.16 and its 200-day simple moving average is $9.36.

SR Bancorp (NASDAQ:SRBK) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $8.78 million for the quarter.

Insider Buying and Selling

In other news, CEO William P. Taylor purchased 5,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $9.20 per share, for a total transaction of $46,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 15,200 shares in the company, valued at approximately $139,840. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other SR Bancorp news, CEO William P. Taylor acquired 5,000 shares of the stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $9.20 per share, for a total transaction of $46,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 15,200 shares of the company’s stock, valued at $139,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David M. Orbach acquired 20,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was acquired at an average cost of $9.15 per share, for a total transaction of $183,000.00. Following the transaction, the insider now owns 120,000 shares of the company’s stock, valued at $1,098,000. The disclosure for this purchase can be found here. Insiders have purchased a total of 28,960 shares of company stock worth $265,973 over the last ninety days.

Institutional Trading of SR Bancorp

A hedge fund recently bought a new stake in SR Bancorp stock. SeaCrest Wealth Management LLC purchased a new stake in SR Bancorp, Inc. (NASDAQ:SRBK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $234,000. SeaCrest Wealth Management LLC owned 0.26% of SR Bancorp at the end of the most recent quarter. Institutional investors own 24.70% of the company’s stock.

SR Bancorp Company Profile

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.