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

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

Sturgis Bancorp Trading Down 1.4%

OTCMKTS STBI traded down $0.42 on Friday, hitting $28.55. 650 shares of the company’s stock traded hands, compared to its average volume of 5,636. The firm’s 50-day moving average price is $25.94 and its two-hundred day moving average price is $23.90. The firm has a market capitalization of $61.95 million, a PE ratio of 7.80 and a beta of 0.17. Sturgis Bancorp has a 1-year low of $18.25 and a 1-year high of $28.97.

Sturgis Bancorp (OTCMKTS:STBI) last released its quarterly earnings data 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.

About Sturgis Bancorp

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.