William Penn Bancorporation (NASDAQ:WMPN) Sees Large Decline in Short Interest

William Penn Bancorporation (NASDAQ:WMPN) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 11,500 shares, a decrease of 54.5% from the October 31st total of 25,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 35,200 shares, the days-to-cover ratio is presently 0.3 days.

William Penn Bancorporation Stock Performance

WMPN opened at $13.16 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $12.56 and its two-hundred day moving average price is $12.06. William Penn Bancorporation has a 12-month low of $10.80 and a 12-month high of $13.87.

William Penn Bancorporation (NASDAQ:WMPN) last announced its quarterly earnings data on Wednesday, October 16th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.05. William Penn Bancorporation had a negative net margin of 0.09% and a negative return on equity of 0.19%. The business had revenue of $4.79 million for the quarter, compared to the consensus estimate of $4.86 million.

William Penn Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, October 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.91%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in William Penn Bancorporation stock. Dryden Capital LLC raised its position in William Penn Bancorporation (NASDAQ:WMPN) by 722.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 228,560 shares of the company’s stock after acquiring an additional 200,773 shares during the period. William Penn Bancorporation comprises approximately 4.5% of Dryden Capital LLC’s holdings, making the stock its 9th largest holding. Dryden Capital LLC owned 2.42% of William Penn Bancorporation worth $2,606,000 at the end of the most recent reporting period. 31.18% of the stock is currently owned by hedge funds and other institutional investors.

About William Penn Bancorporation

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, savings and club, and individual retirement accounts.