Southern Banc Co. (OTCMKTS:SRNN) Sees Significant Increase in Short Interest

Southern Banc Co. (OTCMKTS:SRNN) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 657 shares, an increase of 238.7% from the May 31st total of 194 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 892 shares, the days-to-cover ratio is currently 0.7 days.

Southern Banc Price Performance

Southern Banc stock opened at $16.00 on Friday. Southern Banc has a 12 month low of $9.71 and a 12 month high of $16.00. The company has a fifty day moving average price of $13.21 and a two-hundred day moving average price of $11.67. The company has a market cap of $12.96 million, a PE ratio of 11.43 and a beta of -0.02.

Southern Banc (OTCMKTS:SRNN) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.48 earnings per share for the quarter. The business had revenue of $2.53 million during the quarter. Southern Banc had a net margin of 8.42% and a return on equity of 6.13%.

About Southern Banc

The Southern Banc Company, Inc operates as the holding company for The Southern Bank company that provides various banking products and services in Alabama. The company’s personal banking products include checking accounts, home mortgage loans, home equity loans, auto loans, and personal loans. Its business banking products comprise business checking accounts, cash flow management, real estate lending, and equipment financing. The Southern Banc Company, Inc was founded in 1936 and is based in Gadsden, Alabama.