Short Interest in Sturgis Bancorp Inc. (OTCMKTS:STBI) Rises By 216.5%

Sturgis Bancorp Inc. (OTCMKTS:STBI) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 614 shares, a growth of 216.5% from the June 30th total of 194 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 8,987 shares, the short-interest ratio is presently 0.1 days.

Sturgis Bancorp Stock Down 0.2%

Shares of OTCMKTS:STBI opened at $28.80 on Tuesday. Sturgis Bancorp has a 52-week low of $18.45 and a 52-week high of $29.75. The stock has a market cap of $62.50 million, a P/E ratio of 7.09 and a beta of 0.17. The business has a fifty day moving average of $26.84 and a two-hundred day moving average of $24.52.

Sturgis Bancorp (OTCMKTS:STBI) last posted its quarterly earnings results on Monday, July 13th. The financial services provider reported $1.16 EPS for the quarter. The company had revenue of $10.87 million for the quarter.

About Sturgis Bancorp

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.