Logansport Financial Corp. (OTCMKTS:LOGN) Sees Significant Increase in Short Interest

Logansport Financial Corp. (OTCMKTS:LOGN) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 433 shares. Based on an average trading volume of 567 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Logansport Financial

Several institutional investors and hedge funds have recently bought and sold shares of LOGN. QRG Capital Management Inc. acquired a new position in Logansport Financial during the second quarter worth $1,000,000. Corient Private Wealth LP acquired a new position in Logansport Financial in the second quarter valued at about $472,000. Finally, denkapparat Operations GmbH acquired a new stake in shares of Logansport Financial in the 2nd quarter valued at $540,000.

Logansport Financial Stock Performance

Shares of OTCMKTS LOGN traded up $1.22 during midday trading on Wednesday, reaching $38.22. 1,000 shares of the company traded hands, compared to its average volume of 627. The firm has a market cap of $23.70 million, a PE ratio of 11.62 and a beta of 0.20. Logansport Financial has a 12 month low of $29.55 and a 12 month high of $38.54. The stock’s 50-day simple moving average is $36.83 and its 200-day simple moving average is $34.00.

Logansport Financial (OTCMKTS:LOGN) last issued its quarterly earnings results on Friday, July 24th. The company reported $0.82 earnings per share for the quarter. The company had revenue of $2.62 million during the quarter.

Logansport Financial Company Profile

Logansport Financial Corporation is a bank holding company based in Logansport, Indiana. Through its subsidiary, Logansport Savings Bank, the company provides community banking services to individuals, families and businesses.

Logansport Savings Bank’s services include deposit accounts, consumer and commercial lending, residential real estate loans, and other traditional banking products. The bank serves customers primarily in Logansport and surrounding communities in north-central Indiana through its local banking operations.

As a community-focused financial institution, Logansport Financial emphasizes relationship banking and serving the financial needs of its local market.