Southern Banc Co. (OTCMKTS:SRNN) Short Interest Update

Southern Banc Co. (OTCMKTS:SRNN) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 657 shares, an increase of 238.7% from the May 31st total of 194 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 892 shares, the short-interest ratio is currently 0.7 days.

Southern Banc Price Performance

Shares of SRNN stock opened at $16.00 on Friday. Southern Banc has a 12-month low of $9.71 and a 12-month high of $16.00. The firm has a market capitalization of $12.96 million, a price-to-earnings ratio of 11.43 and a beta of -0.02. The business has a 50 day simple moving average of $13.21 and a 200 day simple moving average of $11.67.

Southern Banc (OTCMKTS:SRNN) last announced its earnings results on Thursday, May 14th. The company reported $0.48 earnings per share for the quarter. Southern Banc had a return on equity of 6.13% and a net margin of 8.42%.The firm had revenue of $2.53 million for the quarter.

About Southern Banc

The Southern Banc Company, Inc operates as the holding company for The Southern Bank company that provides various banking products and services in Alabama. The company’s personal banking products include checking accounts, home mortgage loans, home equity loans, auto loans, and personal loans. Its business banking products comprise business checking accounts, cash flow management, real estate lending, and equipment financing. The Southern Banc Company, Inc was founded in 1936 and is based in Gadsden, Alabama.