Short Interest in Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Declines By 39.5%

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 225 shares, a decrease of 39.5% from the June 30th total of 372 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 418 shares, the days-to-cover ratio is presently 0.5 days.

Southern Michigan Bancorp Stock Up 0.0%

SOMC stock traded up $0.01 during midday trading on Friday, reaching $31.89. 1,226 shares of the company were exchanged, compared to its average volume of 1,629. The company has a market cap of $148.29 million, a price-to-earnings ratio of 12.08 and a beta of 0.19. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.95 and a current ratio of 0.95. Southern Michigan Bancorp has a 1-year low of $22.00 and a 1-year high of $32.00. The stock’s 50-day simple moving average is $31.00 and its 200 day simple moving average is $27.69.

Southern Michigan Bancorp (OTCMKTS:SOMC) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $0.66 EPS for the quarter. Southern Michigan Bancorp had a net margin of 12.60% and a return on equity of 10.21%. The firm had revenue of $16.19 million for the quarter.

Southern Michigan Bancorp Company Profile

Southern Michigan Bancorp, Inc is the bank holding company for Southern Michigan Bank & Trust Company, a community-focused financial institution headquartered in Coldwater, Michigan. SOMC provides a broad range of banking services to individuals, families and local businesses, with an emphasis on personalized service and local decision-making.

The company’s primary business activities include commercial lending, real estate financing, agricultural loans and consumer banking solutions. Its lending portfolio serves small- and mid-sized businesses, residential and commercial real estate projects, and agricultural enterprises.