Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Sees Large Growth in Short Interest

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 245 shares, a growth of 444.4% from the September 15th total of 45 shares. Based on an average trading volume of 6,342 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Southern Michigan Bancorp Stock Performance

Southern Michigan Bancorp stock remained flat at $29.01 during midday trading on Friday. The company had a trading volume of 30 shares, compared to its average volume of 1,983. The business has a 50 day moving average price of $30.84 and a two-hundred day moving average price of $29.68. The company has a market cap of $134.87 million, a P/E ratio of 10.99 and a beta of 0.20. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.95 and a quick ratio of 0.94. Southern Michigan Bancorp has a twelve month low of $23.00 and a twelve month high of $32.00.

Southern Michigan Bancorp (OTCMKTS:SOMC) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.66 earnings per share for the quarter. The firm had revenue of $16.19 million for the quarter. Southern Michigan Bancorp had a net margin of 12.60% and a return on equity of 10.09%.

Southern Michigan Bancorp Company Profile

Southern Michigan Bancorp, Inc is a bank holding company for Southern Michigan Bank & Trust, a community banking institution headquartered in Coldwater, Michigan. The company serves individuals, families, farmers, and businesses through a network of banking offices in southern Michigan.

Southern Michigan Bank & Trust provides traditional financial services, including checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, agricultural lending, and business banking services.