Short Interest in Sturgis Bancorp Inc. (OTCMKTS:STBI) Expands By ∞

by · The Markets Daily

Sturgis Bancorp Inc. (OTCMKTS:STBI – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 303 shares, a growth of ∞ from the August 15th total of 0 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 574 shares, the short-interest ratio is presently 0.5 days.

Sturgis Bancorp Stock Performance

OTCMKTS:STBI opened at $29.79 on Tuesday. Sturgis Bancorp has a 52 week low of $18.65 and a 52 week high of $29.79. The firm’s 50-day simple moving average is $29.07 and its 200 day simple moving average is $26.32. The firm has a market cap of $64.64 million, a price-to-earnings ratio of 7.34 and a beta of 0.16.

Sturgis Bancorp (OTCMKTS:STBI – Get Free Report) last posted its quarterly earnings data on Monday, July 13th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter. The business had revenue of $10.87 million during the quarter.

About Sturgis Bancorp

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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.

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