Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Short Interest Down 56.3% in April

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 252 shares, a decline of 56.3% from the April 15th total of 576 shares. Based on an average daily trading volume, of 3,305 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Southern Michigan Bancorp Stock Up 1.6%

SOMC stock traded up $0.46 during trading on Friday, reaching $28.50. 1,538 shares of the stock were exchanged, compared to its average volume of 867. The firm’s 50 day moving average is $26.18 and its 200 day moving average is $25.07. The firm has a market cap of $132.53 million, a P/E ratio of 10.63 and a beta of 0.19. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. Southern Michigan Bancorp has a twelve month low of $18.93 and a twelve month high of $28.94.

Southern Michigan Bancorp (OTCMKTS:SOMC) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.71 EPS for the quarter. Southern Michigan Bancorp had a return on equity of 10.60% and a net margin of 13.00%.The firm had revenue of $15.33 million during the quarter.

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.