The stock of Asb Bancorp Incorporated (NASDAQ:ASBB) registered a decrease of 4.41% in short interest. ASBB’s total short interest was 6,500 shares in March as published by FINRA. Its down 4.41% from 6,800 shares, reported previously. With 3,700 shares average volume, it will take short sellers 2 days to cover their ASBB’s short positions. The short interest to Asb Bancorp Incorporated’s float is 0.21%. The stock is 0.00% or $0 after the news, hitting $24.75 per share. It is down 8.55% since August 3, 2015 and is uptrending. It has outperformed by 14.21% the S&P500.
ASB Bancorp, Inc. is the holding company for Asheville Savings Bank . The company has a market cap of $98.60 million. The Company’s principal business activity is the ownership of the outstanding shares of common stock of the Bank. It has 27.73 P/E ratio. The Bank is a chartered savings bank that offers traditional financial services to clients and businesses in its primary market area.
The institutional sentiment decreased to 1.17 in Q3 2015. Its down 1.50, from 2.67 in 2015Q2. The ratio turned negative, as 1 funds sold all ASB Bancorp Inc shares owned while 5 reduced positions. 4 funds bought stakes while 3 increased positions. They now own 1.70 million shares or 1.41% more from 1.68 million shares in 2015Q2.
Seidman Lawrence B holds 4.48% of its portfolio in ASB Bancorp Inc for 264,674 shares. Firefly Value Partners Lp owns 421,770 shares or 1.61% of their US portfolio. Moreover, Mendon Capital Advisors Corp has 0.99% invested in the company for 141,650 shares. The Illinois-based Rmb Capital Management Llc has invested 0.46% in the stock. Altavista Wealth Management Inc., a North Carolina-based fund reported 8,284 shares.
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