Ponce Financial Group, Inc. (NASDAQ:PDLB) Short Interest Down 23.0% in November

Ponce Financial Group, Inc. (NASDAQ:PDLB) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 73,300 shares, a decline of 23.0% from the November 15th total of 95,200 shares. Based on an average daily volume of 48,900 shares, the days-to-cover ratio is presently 1.5 days.

Ponce Financial Group Stock Up 0.2 %

Ponce Financial Group stock traded up $0.03 during mid-day trading on Friday, reaching $13.16. The stock had a trading volume of 35,735 shares, compared to its average volume of 45,359. Ponce Financial Group has a one year low of $7.89 and a one year high of $13.43. The company has a 50-day moving average price of $12.26 and a two-hundred day moving average price of $10.86. The company has a market capitalization of $313.59 million, a price-to-earnings ratio of 35.57 and a beta of 0.66. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.26 and a quick ratio of 1.26.

Institutional Investors Weigh In On Ponce Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in PDLB. Barclays PLC increased its holdings in Ponce Financial Group by 267.8% in the 3rd quarter. Barclays PLC now owns 25,370 shares of the company’s stock worth $297,000 after buying an additional 18,472 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ponce Financial Group by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 462,611 shares of the company’s stock valued at $5,409,000 after acquiring an additional 9,790 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ponce Financial Group by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock valued at $674,000 after purchasing an additional 3,500 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Ponce Financial Group during the third quarter valued at approximately $514,000. Finally, Los Angeles Capital Management LLC boosted its holdings in Ponce Financial Group by 20.0% in the third quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company’s stock worth $657,000 after purchasing an additional 9,369 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.

Ponce Financial Group Company Profile

Ponce Financial Group, Inc operates as the bank holding company for Ponce Bank that provides various banking products and services. It offers various deposit products, including demand accounts, NOW/IOLA, money market, reciprocal deposits, savings accounts, and certificates of deposit to individuals, business entities, and non-profit organizations, as well as individual retirement accounts.