Short Interest in Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) Drops By 50.0%

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 100 shares, a decline of 50.0% from the February 13th total of 200 shares. Based on an average trading volume of 11,600 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's stock are sold short.

Southern Michigan Bancorp Price Performance

Shares of Southern Michigan Bancorp stock remained flat at $19.00 on Tuesday. The business's 50-day simple moving average is $18.90 and its 200-day simple moving average is $18.39. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.93 and a quick ratio of 0.93. Southern Michigan Bancorp has a 1-year low of $15.60 and a 1-year high of $19.50. The firm has a market cap of $86.89 million, a PE ratio of 8.33 and a beta of 0.27.

Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last announced its earnings results on Friday, February 14th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Southern Michigan Bancorp had a net margin of 12.29% and a return on equity of 10.30%. The business had revenue of $12.95 million for the quarter.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs.