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Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Sees Significant Growth in Short Interest
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) experienced a substantial 45.9% increase in short interest during March, reaching 55,373 shares, which represents about 1.3% of its outstanding shares. This increase results in a short-interest ratio of 2.6 days based on average daily trading volume. The company recently raised its quarterly dividend to $0.21 per share and reported a quarterly EPS of $1.21, while institutional investors hold 43.83% of the stock.