Sturgis Bancorp Inc. (OTCMKTS:STBI) Short Interest Down 99.6% in June

Sturgis Bancorp Inc. (OTCMKTS:STBI) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 1 shares, a drop of 99.6% from the May 31st total of 244 shares. Based on an average daily volume of 35,039 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Sturgis Bancorp Price Performance

Shares of STBI stock remained flat at $26.42 on Friday. 225 shares of the company were exchanged, compared to its average volume of 10,290. The company’s fifty day moving average price is $25.24 and its 200 day moving average price is $23.41. The stock has a market cap of $57.33 million, a P/E ratio of 7.22 and a beta of 0.17. Sturgis Bancorp has a 12-month low of $18.10 and a 12-month high of $26.55.

Sturgis Bancorp (OTCMKTS:STBI) last posted its quarterly 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.