Short Interest in Sturgis Bancorp Inc. (OTCMKTS:STBI) Decreases By 99.6%

Sturgis Bancorp Inc. (OTCMKTS:STBI) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1 shares, a drop of 99.6% from the May 31st total of 244 shares. Based on an average daily volume of 35,039 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Sturgis Bancorp Stock Down 0.0%

STBI traded down $0.01 during trading hours on Friday, hitting $26.41. 450 shares of the company’s stock were exchanged, compared to its average volume of 10,300. Sturgis Bancorp has a 1-year low of $18.10 and a 1-year high of $26.55. The stock’s 50-day moving average is $25.29 and its two-hundred day moving average is $23.43. The stock has a market cap of $57.34 million, a price-to-earnings ratio of 7.22 and a beta of 0.17.

Sturgis Bancorp (OTCMKTS:STBI) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $0.88 earnings per share for the quarter. The business had revenue of $10.96 million during 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.