Sturgis Bancorp Inc. (OTCMKTS:STBI) Sees Significant Increase in Short Interest

Sturgis Bancorp Inc. (OTCMKTS:STBI) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 614 shares, an increase of 180.4% from the November 30th total of 219 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,284 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 1,284 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Sturgis Bancorp Stock Performance

OTCMKTS STBI traded up $0.43 during mid-day trading on Friday, reaching $21.20. 117 shares of the stock were exchanged, compared to its average volume of 637. The company has a market capitalization of $46.00 million, a P/E ratio of 6.18 and a beta of 0.13. The business’s 50 day moving average is $20.39 and its 200-day moving average is $19.37. Sturgis Bancorp has a 1 year low of $16.75 and a 1 year high of $21.20.

Sturgis Bancorp (OTCMKTS:STBI) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $1.09 earnings per share for the quarter. The firm had revenue of $10.75 million during the quarter.

Sturgis Bancorp Company Profile

Sturgis Bancorp, Inc is the bank holding company for Sturgis Bank & Trust, a community-oriented financial institution headquartered in Sturgis, Michigan. Through its wholly owned subsidiary, the company offers a full suite of banking services tailored to the needs of individuals, families and local businesses. Its primary focus is on providing personalized banking solutions that reflect its deep roots in southwestern Michigan.

The company’s product lineup includes traditional deposit accounts such as checking, savings and money market accounts, alongside certificates of deposit.