Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Short Interest Up 371.3% in May

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 509 shares, an increase of 371.3% from the May 14th total of 108 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,919 shares, the short-interest ratio is presently 0.3 days.

Southern Michigan Bancorp Stock Performance

Shares of OTCMKTS SOMC opened at $29.87 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 0.95. Southern Michigan Bancorp has a 52-week low of $20.00 and a 52-week high of $30.00. The firm has a 50 day moving average price of $27.72 and a two-hundred day moving average price of $25.81. The stock has a market cap of $138.90 million, a P/E ratio of 11.15 and a beta of 0.20.

Southern Michigan Bancorp (OTCMKTS:SOMC) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Southern Michigan Bancorp had a net margin of 13.00% and a return on equity of 10.60%. The firm had revenue of $15.33 million during the quarter.

About Southern Michigan Bancorp

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.