Short Interest in NSTS Bancorp, Inc. (NASDAQ:NSTS) Drops By 14.3%

NSTS Bancorp, Inc. (NASDAQ:NSTS) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,542 shares, a drop of 14.3% from the February 12th total of 5,297 shares. Based on an average trading volume of 1,737 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,737 shares, the days-to-cover ratio is presently 2.6 days.

NSTS Bancorp Stock Down 0.7%

NSTS Bancorp stock traded down $0.09 during mid-day trading on Tuesday, hitting $12.11. 656 shares of the company’s stock traded hands, compared to its average volume of 2,483. NSTS Bancorp has a one year low of $10.72 and a one year high of $13.06. The firm has a 50 day moving average price of $12.46 and a 200 day moving average price of $11.88. The company has a market cap of $63.44 million, a PE ratio of -100.92 and a beta of 0.11.

Hedge Funds Weigh In On NSTS Bancorp

A number of hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its holdings in shares of NSTS Bancorp by 0.6% in the third quarter. Alliancebernstein L.P. now owns 518,324 shares of the company’s stock valued at $5,981,000 after purchasing an additional 3,022 shares in the last quarter. Graham Capital Wealth Management LLC bought a new position in NSTS Bancorp during the fourth quarter valued at approximately $900,000. Finally, Renaissance Technologies LLC lifted its stake in NSTS Bancorp by 21.5% in the fourth quarter. Renaissance Technologies LLC now owns 17,497 shares of the company’s stock valued at $227,000 after acquiring an additional 3,097 shares during the last quarter. 23.70% of the stock is currently owned by institutional investors and hedge funds.

About NSTS Bancorp

NSTS Bancorp, Inc operates as a savings and loan holding company for North Shore Trust and Savings that provides banking products and services in Illinois. The company offers interest-bearing and noninterest-bearing checking, money market, savings, and time deposit accounts; and one- to four-family residential mortgage, multi-family and commercial real estate mortgage, construction, home equity, and consumer loans. It operates through full-service banking offices in Lake County, Illinois; and one loan production office in Chicago.