Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Short Interest Update

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 126 shares, a drop of 44.0% from the July 15th total of 225 shares. Based on an average daily trading volume, of 532 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Southern Michigan Bancorp Price Performance

Shares of OTCMKTS:SOMC opened at $31.49 on Tuesday. Southern Michigan Bancorp has a fifty-two week low of $22.00 and a fifty-two week high of $32.00. The business has a 50-day simple moving average of $31.41 and a two-hundred day simple moving average of $28.27. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $146.43 million, a price-to-earnings ratio of 11.93 and a beta of 0.20.

Southern Michigan Bancorp (OTCMKTS:SOMC) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $16.19 million for the quarter. Southern Michigan Bancorp had a net margin of 12.60% and a return on equity of 10.21%.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc is the bank holding company for Southern Michigan Bank & Trust Company, a community-focused financial institution headquartered in Coldwater, Michigan. SOMC provides a broad range of banking services to individuals, families and local businesses, with an emphasis on personalized service and local decision-making.

The company’s primary business activities include commercial lending, real estate financing, agricultural loans and consumer banking solutions. Its lending portfolio serves small- and mid-sized businesses, residential and commercial real estate projects, and agricultural enterprises.