Sturgis Bancorp Inc. (OTCMKTS:STBI) Sees Large Growth in Short Interest

Sturgis Bancorp Inc. (OTCMKTS:STBI) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 270 shares, an increase of 241.8% from the October 15th total of 79 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,790 shares, the days-to-cover ratio is presently 0.2 days.

Sturgis Bancorp Trading Down 0.3%

OTCMKTS STBI traded down $0.09 during mid-day trading on Thursday, reaching $28.65. 1,431 shares of the company’s stock traded hands, compared to its average volume of 3,035. Sturgis Bancorp has a 1-year low of $19.95 and a 1-year high of $29.79. The company has a fifty day simple moving average of $29.19 and a 200-day simple moving average of $26.45. The company has a market cap of $62.46 million, a price-to-earnings ratio of 6.92 and a beta of 0.15.

Sturgis Bancorp (OTCMKTS:STBI) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.17 earnings per share for the quarter. The firm had revenue of $11.72 million during the quarter.

Sturgis Bancorp Company Profile

Sturgis Bancorp, Inc. is a bank holding company headquartered in Sturgis, Michigan. Through its principal subsidiary, Sturgis Bank, the company provides community banking services to individuals, families, farmers and businesses in southern Michigan and nearby areas. Sturgis Bank offers deposit products such as checking, savings and certificates of deposit, along with residential mortgage loans, home equity financing, consumer loans and commercial lending. The bank also provides treasury management, online and mobile banking, and other financial services designed to support personal and business customers.