University Bancorp Inc. (OTCMKTS:UNIB) Shares Shorted: Short Interest Down 96.0% in September

University Bancorp Inc. (OTCMKTS:UNIB) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 8 shares, a drop of 96.0% from the September 15th total of 200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 864 shares, the short-interest ratio is currently 0.0 days.

University Bancorp Price Performance

Shares of University Bancorp stock remained flat at $21.14 during trading hours on Friday. University Bancorp has a 12-month low of $16.20 and a 12-month high of $24.61. The firm’s fifty day moving average is $22.04 and its 200-day moving average is $21.99.

About University Bancorp

University Bancorp, Inc is a bank holding company headquartered in Ann Arbor, Michigan. Its principal banking subsidiary, University Bank, provides financial services to individuals, families, and businesses in its local and regional markets.

University Bank’s services include deposit accounts, residential and commercial real estate lending, consumer loans, business banking, and other traditional community-banking products. Through affiliated operations, the company has also been involved in mortgage banking and related financial services, including the origination and servicing of residential mortgage loans.

The company has a long history of serving the Ann Arbor area and focuses primarily on customers in Michigan and selected markets reached through its mortgage-related businesses.