Sturgis Bancorp Inc. (OTCMKTS:STBI) Short Interest Up 216.5% in July

Sturgis Bancorp Inc. (OTCMKTS:STBI) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 614 shares, a growth of 216.5% from the June 30th total of 194 shares. Based on an average daily volume of 8,987 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Sturgis Bancorp Stock Performance

OTCMKTS STBI opened at $28.91 on Wednesday. The stock has a market cap of $62.73 million, a price-to-earnings ratio of 7.12 and a beta of 0.17. The business has a 50 day simple moving average of $26.91 and a 200 day simple moving average of $24.58. Sturgis Bancorp has a 52-week low of $18.45 and a 52-week high of $29.75.

Sturgis Bancorp (OTCMKTS:STBI) last announced its quarterly earnings results on Monday, July 13th. The financial services provider reported $1.16 earnings per share for the quarter. The company had revenue of $10.87 million during the quarter.

Sturgis Bancorp Company Profile

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.