Short Interest in Sturgis Bancorp Inc. (OTCMKTS:STBI) Drops By 65.0%

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

Sturgis Bancorp Stock Performance

STBI stock opened at $21.99 on Wednesday. The business’s 50-day moving average is $20.69 and its two-hundred day moving average is $19.68. The company has a market cap of $47.72 million, a price-to-earnings ratio of 6.41 and a beta of 0.13. Sturgis Bancorp has a fifty-two week low of $16.75 and a fifty-two week high of $21.99.

Sturgis Bancorp (OTCMKTS:STBI) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $1.09 EPS for the quarter. The business 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.