Sturgis Bancorp Inc. (OTCMKTS:STBI) Short Interest Up ∞ in May

Sturgis Bancorp Inc. (OTCMKTS:STBI) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 244 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average trading volume of 2,513 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Sturgis Bancorp Stock Performance

OTCMKTS:STBI opened at $25.75 on Friday. Sturgis Bancorp has a one year low of $18.10 and a one year high of $26.55. The business’s 50-day simple moving average is $24.84 and its 200 day simple moving average is $23.03. The stock has a market cap of $55.88 million, a price-to-earnings ratio of 7.04 and a beta of 0.17.

Sturgis Bancorp (OTCMKTS:STBI) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter. The business had revenue of $10.96 million during the quarter.

About Sturgis Bancorp

Sturgis Bancorp, Inc is the bank holding company for Sturgis Bank & Trust, a community-oriented financial institution headquartered in Sturgis, Michigan. Through its wholly owned subsidiary, the company offers a full suite of banking services tailored to the needs of individuals, families and local businesses. Its primary focus is on providing personalized banking solutions that reflect its deep roots in southwestern Michigan.

The company’s product lineup includes traditional deposit accounts such as checking, savings and money market accounts, alongside certificates of deposit.