PCB Bancorp reports today with short interest up 14% and put/call activity spiking above two standard deviations. Utilisation sits near the 52-week high.
Short interest stands at 153,043 shares, representing 1.08% of the free float as of April 22. That's up 14% over the past month and up 4.8% over the last week. Days to cover is 5.54 based on the most recent FINRA report.
Short sellers added to positions through late March, jumping from 134,000 shares to over 151,000 shares between March 23 and March 24. The position has held relatively steady since, with minor fluctuations around the 150,000-share level.
The put/call ratio spiked to 0.86 on April 23, well above the 20-day average of 0.45. That represents a z-score of 1.69, indicating elevated hedging activity heading into the print. Put buyers have been notably more active in recent sessions, with PCR jumping from 0.39 on April 17 to 1.09 on April 21.
This is the highest PCR reading since late April, suggesting defensive positioning.
No analyst coverage data is available for PCB.
PCB last reported on January 29, 2026. Prior earnings calls occurred in October 2024 and February 2026. The stock is down 0.58% in the last session but up 7.3% over the past month, trading at $23.87.
Cost to borrow has been volatile, currently at 3.13% after dropping from 4.51% on April 16. The recent decline in CTB suggests easier shorting conditions despite rising short interest.
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