PDL Community Bancorp (NASDAQ:PDLB) Short Interest Up 66.9% in May

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PDL Community Bancorp (NASDAQ:PDLB) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 225,500 shares, a growth of 66.9% from the April 30th total of 135,100 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,800 shares, the days-to-cover ratio is presently 9.1 days.

Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its holdings in shares of PDL Community Bancorp by 515.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,858 shares of the company’s stock valued at $26,000 after purchasing an additional 1,556 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of PDL Community Bancorp in the 4th quarter valued at $144,000. Rhumbline Advisers acquired a new stake in shares of PDL Community Bancorp in the 4th quarter valued at $155,000. Context BH Capital Management LP acquired a new stake in shares of PDL Community Bancorp in the 1st quarter valued at $170,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of PDL Community Bancorp in the 4th quarter valued at $282,000. 18.98% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on PDLB shares. TheStreet raised PDL Community Bancorp from a “d+” rating to a “c-” rating in a research report on Friday, March 22nd. BidaskClub raised PDL Community Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, ValuEngine raised PDL Community Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th.

NASDAQ:PDLB traded down $0.04 during trading hours on Wednesday, reaching $13.98. 954 shares of the company were exchanged, compared to its average volume of 26,238. The company has a market capitalization of $256.65 million, a P/E ratio of 100.57 and a beta of 0.44. PDL Community Bancorp has a 1-year low of $12.42 and a 1-year high of $16.13. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.20 and a quick ratio of 1.20.

PDL Community Bancorp (NASDAQ:PDLB) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $10.22 million for the quarter. PDL Community Bancorp had a return on equity of 1.43% and a net margin of 4.75%.

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About PDL Community Bancorp

PDL Community Bancorp provides various banking products and services primarily in the New York City metropolitan area. The company offers a range of deposit accounts, including demand, savings, and money market accounts, as well as certificates of deposit accounts; and individual retirement accounts.

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