Short Interest in Lake Shore Bancorp, Inc. (NASDAQ:LSBK) Grows By 50.0%

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 900 shares, an increase of 50.0% from the May 30th total of 600 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,400 shares, the short-interest ratio is presently 0.4 days.

LSBK remained flat at $$15.00 during trading on Friday. The company’s stock had a trading volume of 631 shares, compared to its average volume of 939. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 0.99. Lake Shore Bancorp has a one year low of $14.53 and a one year high of $17.35. The business has a fifty day moving average of $14.98. The firm has a market capitalization of $89.73 million, a P/E ratio of 23.08 and a beta of 0.07.

Lake Shore Bancorp (NASDAQ:LSBK) last issued its quarterly earnings data on Thursday, April 25th. The savings and loans company reported $0.15 EPS for the quarter. Lake Shore Bancorp had a return on equity of 4.98% and a net margin of 16.13%. The company had revenue of $5.13 million for the quarter.

A hedge fund recently raised its stake in Lake Shore Bancorp stock. Dimensional Fund Advisors LP raised its holdings in Lake Shore Bancorp, Inc. (NASDAQ:LSBK) by 38.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,319 shares of the savings and loans company’s stock after purchasing an additional 5,072 shares during the period. Dimensional Fund Advisors LP owned about 0.30% of Lake Shore Bancorp worth $271,000 at the end of the most recent quarter. 12.12% of the stock is currently owned by institutional investors and hedge funds.

About Lake Shore Bancorp

Lake Shore Bancorp, Inc operates as the savings and loan holding company for Lake Shore Savings Bank that provides retail and commercial banking products and services. It accepts various deposit products, such as regular savings deposits, including Christmas Club, passbook, and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts comprising demand deposits; health savings accounts; retirement accounts; time deposits; interest on lawyer accounts; and accounts for individuals, as well as commercial savings, checking, and money market accounts for businesses.

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