University Bancorp Inc. (OTCMKTS:UNIB) Sees Significant Drop in Short Interest

University Bancorp Inc. (OTCMKTS:UNIB) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 6 shares, a decline of 94.5% from the April 30th total of 109 shares. Based on an average daily trading volume, of 175 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

University Bancorp Stock Performance

Shares of OTCMKTS UNIB remained flat at $21.50 during midday trading on Wednesday. 1,859 shares of the stock were exchanged, compared to its average volume of 262. University Bancorp has a 52 week low of $15.50 and a 52 week high of $24.61. The stock’s fifty day moving average price is $21.74 and its 200 day moving average price is $20.86.

University Bancorp (OTCMKTS:UNIB) last released its quarterly earnings results on Monday, April 20th. The company reported $999.00 earnings per share for the quarter.

About University Bancorp

University Bancorp, Inc is the bank holding company for University National Bank, a community-focused financial institution based in Lubbock, Texas. Through its subsidiary, the company offers a range of retail and commercial banking services designed to meet the needs of individuals, businesses and non-profit organizations. University Bancorp operates under the OTCMKTS symbol UNIB, reflecting its status as an over-the-counter publicly traded entity.

The company’s core business activities include deposit products such as checking, savings and money market accounts, as well as consumer and commercial lending.