Southern Banc Co. (OTCMKTS:SRNN) Sees Significant Increase in Short Interest

Southern Banc Co. (OTCMKTS:SRNN) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 1,552 shares, a growth of 136.2% from the June 15th total of 657 shares. Based on an average daily volume of 1,509 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the shares of the stock are sold short.

Southern Banc Price Performance

SRNN opened at $16.50 on Wednesday. The company has a 50 day simple moving average of $14.30 and a two-hundred day simple moving average of $12.21. The firm has a market cap of $13.36 million, a P/E ratio of 11.78 and a beta of -0.06. Southern Banc has a 1-year low of $9.71 and a 1-year high of $16.76.

Southern Banc (OTCMKTS:SRNN) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.48 EPS for the quarter. The firm had revenue of $2.53 million for the quarter. Southern Banc had a net margin of 8.42% and a return on equity of 6.13%.

About Southern Banc

The Southern Banc Company, Inc operates as the holding company for The Southern Bank company that provides various banking products and services in Alabama. The company’s personal banking products include checking accounts, home mortgage loans, home equity loans, auto loans, and personal loans. Its business banking products comprise business checking accounts, cash flow management, real estate lending, and equipment financing. The Southern Banc Company, Inc was founded in 1936 and is based in Gadsden, Alabama.