Southern Banc Co. (OTCMKTS:SRNN) Sees Large Decline in Short Interest

Southern Banc Co. (OTCMKTS:SRNN) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 259 shares, a decline of 72.5% from the October 15th total of 943 shares. Based on an average daily volume of 2,017 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Southern Banc Stock Performance

SRNN remained flat at $17.38 during trading on Friday. The company had a trading volume of 2,639 shares, compared to its average volume of 739. The company has a 50-day simple moving average of $16.58 and a 200-day simple moving average of $14.19. The stock has a market cap of $14.08 million, a P/E ratio of 9.34 and a beta of 0.33. Southern Banc has a twelve month low of $9.71 and a twelve month high of $18.00.

Southern Banc (OTCMKTS:SRNN) last posted its earnings results on Thursday, November 12th. The company reported $0.99 earnings per share for the quarter. Southern Banc had a return on equity of 8.03% and a net margin of 10.75%. The business had revenue of $3.23 million during the quarter.

Southern Banc Company Profile

Southern Banc is a bank holding company for Southern Bank, a community-focused financial institution serving individuals, families and businesses in portions of Missouri and Arkansas. Its banking operations are centered on relationship-based financial services for local markets. Southern Bank provides deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential real estate, commercial, agricultural and consumer loans.