Sturgis Bancorp Inc. (OTCMKTS:STBI) Sees Significant Decrease in Short Interest

Sturgis Bancorp Inc. (OTCMKTS:STBI) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 215 shares, a decrease of 65.0% from the December 15th total of 614 shares. Based on an average daily volume of 1,640 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,640 shares, the short-interest ratio is presently 0.1 days.

Sturgis Bancorp Trading Up 1.8%

Shares of OTCMKTS STBI opened at $21.47 on Tuesday. The stock has a market capitalization of $46.59 million, a PE ratio of 6.26 and a beta of 0.13. Sturgis Bancorp has a twelve month low of $16.75 and a twelve month high of $21.50. The stock has a fifty day simple moving average of $20.65 and a 200-day simple moving average of $19.66.

Sturgis Bancorp (OTCMKTS:STBI) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $1.09 EPS for the quarter. The firm had revenue of $10.75 million for 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.