Sturgis Bancorp Inc. (OTCMKTS:STBI) Short Interest Up 19,300.0% in June

Sturgis Bancorp Inc. (OTCMKTS:STBI) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 194 shares, a growth of 19,300.0% from the June 15th total of 1 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,413 shares, the days-to-cover ratio is currently 0.1 days.

Sturgis Bancorp Price Performance

OTCMKTS STBI traded down $0.42 during trading hours on Friday, hitting $28.55. 650 shares of the company’s stock traded hands, compared to its average volume of 5,636. The company has a market capitalization of $61.95 million, a PE ratio of 7.80 and a beta of 0.17. Sturgis Bancorp has a 52-week low of $18.25 and a 52-week high of $28.97. The firm’s 50-day moving average is $25.94 and its 200-day moving average is $23.90.

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