Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Stock Short Interest Falls 84.0%

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) was the recipient of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 57 shares, a decrease of 84.0% from the October 15th total of 357 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,982 shares, the short-interest ratio is currently 0.0 days.

Southern Michigan Bancorp Stock Performance

Shares of Southern Michigan Bancorp stock remained flat at $29.70 on Thursday. The business has a 50-day moving average price of $29.91 and a 200-day moving average price of $28.79. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.05. Southern Michigan Bancorp has a 12-month low of $23.00 and a 12-month high of $32.00. The firm has a market cap of $137.51 million, a PE ratio of 11.04 and a beta of 0.19.

Southern Michigan Bancorp (OTCMKTS:SOMC) last issued its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.70 EPS for the quarter. Southern Michigan Bancorp had a return on equity of 10.18% and a net margin of 12.70%. The company had revenue of $15.97 million during the quarter.

Southern Michigan Bancorp Company Profile

Southern Michigan Bancorp, Inc. is a bank holding company headquartered in Coldwater, Michigan. Through its principal subsidiary, Southern Michigan Bank & Trust, the company provides community banking services to individuals, families, farmers and businesses in southern Michigan. Southern Michigan Bank & Trust offers deposit products such as checking, savings, money market and time deposit accounts, along with consumer, residential mortgage, agricultural and commercial lending. Its services also include online and mobile banking, treasury management, wealth management and other financial solutions for personal and business customers.