Southern Banc Co. (OTCMKTS:SRNN) Short Interest Up 136.2% in June

Southern Banc Co. (OTCMKTS:SRNN) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,552 shares, a growth of 136.2% from the June 15th total of 657 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,509 shares, the short-interest ratio is presently 1.0 days.

Southern Banc Stock Performance

Shares of SRNN remained flat at $16.50 during midday trading on Tuesday. Southern Banc has a fifty-two week low of $9.71 and a fifty-two week high of $16.76. The firm has a market cap of $13.30 million, a price-to-earnings ratio of 11.78 and a beta of -0.06. The company has a 50-day simple moving average of $14.22 and a 200-day simple moving average of $12.17.

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

Southern Banc Company Profile

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.