Sturgis Bancorp Inc. (OTCMKTS:STBI) Short Interest Up 216.5% in July

Sturgis Bancorp Inc. (OTCMKTS:STBI) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 614 shares, a growth of 216.5% from the June 30th total of 194 shares. Based on an average daily trading volume, of 8,987 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Sturgis Bancorp Stock Performance

OTCMKTS:STBI opened at $28.85 on Monday. Sturgis Bancorp has a 1 year low of $18.45 and a 1 year high of $29.75. The firm’s fifty day simple moving average is $26.77 and its 200 day simple moving average is $24.47. The firm has a market capitalization of $62.60 million, a PE ratio of 7.11 and a beta of 0.17.

Sturgis Bancorp (OTCMKTS:STBI) last announced its earnings results on Monday, July 13th. The financial services provider reported $1.16 EPS for the quarter. The firm had revenue of $10.87 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.