Sturgis Bancorp, Inc. (OTCMKTS:STBI) Short Interest Up 800.0% in April

Sturgis Bancorp, Inc. (OTCMKTS:STBI) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 900 shares, an increase of 800.0% from the March 31st total of 100 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 1.3 days.

Sturgis Bancorp Price Performance

Sturgis Bancorp stock traded down $0.35 during mid-day trading on Friday, reaching $15.90. 375 shares of the company were exchanged, compared to its average volume of 407. The company has a fifty day simple moving average of $16.74 and a 200-day simple moving average of $17.47. The firm has a market cap of $34.19 million, a PE ratio of 13.36 and a beta of 0.47. Sturgis Bancorp has a 12 month low of $15.85 and a 12 month high of $21.52.

Sturgis Bancorp (OTCMKTS:STBI) last issued its earnings results on Monday, April 22nd. The financial services provider reported ($0.92) EPS for the quarter. The firm had revenue of $9.91 million for the quarter.

About Sturgis Bancorp

Sturgis Bancorp, Inc operates as the bank holding company for Sturgis Bank & Trust Company that provides banking products and services in Michigan, the United States. The company offers checking, savings and health savings, and money market accounts; and certificates of deposit and individual retirement accounts.