Solera National Bancorp Inc. (OTCMKTS:SLRK) Sees Large Drop in Short Interest

Solera National Bancorp Inc. (OTCMKTS:SLRK) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 601 shares, a drop of 64.6% from the June 15th total of 1,699 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 642 shares, the days-to-cover ratio is currently 0.9 days.

Solera National Bancorp Stock Performance

Shares of SLRK opened at $19.80 on Monday. The company’s 50-day moving average price is $19.53 and its 200 day moving average price is $17.78. Solera National Bancorp has a 12-month low of $8.76 and a 12-month high of $20.95. The firm has a market cap of $85.14 million, a P/E ratio of 3.40 and a beta of 0.32.

Solera National Bancorp (OTCMKTS:SLRK) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $1.55 earnings per share for the quarter. The company had revenue of $17.66 million for the quarter.

About Solera National Bancorp

Solera National Bancorp, Inc operates as the bank holding company for Solera National Bank that provides commercial and consumer banking services in the United States. The company offers checking and savings accounts, money market accounts, time and demand deposits, and individual retirement accounts (IRA), as well as certificates of deposit; and real estate secured loans, construction loans, small business administration loans, business lines of credit, and equipment financing. It also provides online banking, account analysis, combined account analysis, commercial sweep, remote deposit, ACH origination, payroll direct deposit, merchant, business debit card, and cash management services.