Short Interest in William Penn Bancorporation (NASDAQ:WMPN) Declines By 36.4%

William Penn Bancorporation (NASDAQ:WMPN) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 31,400 shares, a decline of 36.4% from the May 31st total of 49,400 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is currently 2.6 days. Approximately 0.4% of the shares of the stock are sold short.

William Penn Bancorporation Stock Up 0.6 %

Shares of WMPN opened at $11.42 on Friday. The firm has a 50 day simple moving average of $11.95 and a two-hundred day simple moving average of $12.16. The company has a market cap of $107.80 million, a P/E ratio of 126.89 and a beta of -0.02. William Penn Bancorporation has a one year low of $9.85 and a one year high of $12.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80.

William Penn Bancorporation (NASDAQ:WMPN) last posted its earnings results on Wednesday, April 17th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $8.89 million for the quarter, compared to analysts’ expectations of $4.70 million. William Penn Bancorporation had a net margin of 2.44% and a return on equity of 0.35%.

William Penn Bancorporation Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Monday, April 29th were paid a dividend of $0.03 per share. The ex-dividend date was Friday, April 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.05%. William Penn Bancorporation’s payout ratio is presently 133.33%.

Institutional Trading of William Penn Bancorporation

A number of hedge funds and other institutional investors have recently modified their holdings of WMPN. Citigroup Inc. bought a new stake in shares of William Penn Bancorporation in the third quarter worth $36,000. Acadian Asset Management LLC bought a new stake in shares of William Penn Bancorporation in the first quarter worth $48,000. Wittenberg Investment Management Inc. bought a new stake in shares of William Penn Bancorporation in the first quarter worth $124,000. Finally, Barclays PLC bought a new stake in shares of William Penn Bancorporation in the third quarter worth $151,000. Institutional investors own 31.18% of the company’s stock.

William Penn Bancorporation Company Profile

William Penn Bancorporation operates as the holding company for William Penn Bank that provides retail and commercial banking products and related financial services in the United States. The company offers time, savings, money market, and demand deposits; certificates of deposit; and non-interest bearing and interest-bearing checking, as well as money market, NOW, savings and club, and individual retirement accounts.