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

Sturgis Bancorp Inc. (OTCMKTS:STBI) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 270 shares, an increase of 241.8% from the October 15th total of 79 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,790 shares, the days-to-cover ratio is currently 0.2 days.

Sturgis Bancorp Stock Performance

Shares of OTCMKTS:STBI remained flat at $28.54 during midday trading on Friday. The stock had a trading volume of 2,754 shares, compared to its average volume of 875. Sturgis Bancorp has a 1-year low of $19.95 and a 1-year high of $29.79. The company has a market cap of $62.22 million, a PE ratio of 6.89 and a beta of 0.15. The business has a 50 day moving average of $29.17 and a two-hundred day moving average of $26.49.

Sturgis Bancorp (OTCMKTS:STBI) last released its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.17 EPS for the quarter. The company had revenue of $11.72 million during the quarter.

Sturgis Bancorp Company Profile

Sturgis Bancorp, Inc. is a bank holding company headquartered in Sturgis, Michigan. Through its principal subsidiary, Sturgis Bank, the company provides community banking services to individuals, families, farmers and businesses in southern Michigan and nearby areas. Sturgis Bank offers deposit products such as checking, savings and certificates of deposit, along with residential mortgage loans, home equity financing, consumer loans and commercial lending. The bank also provides treasury management, online and mobile banking, and other financial services designed to support personal and business customers.